The GST Council, which is meeting Saturday, is likely to finalise the draft model GST law including final drafting of the anti-profiteering clause.
FM plans to move the bills pertaining to the new tax regime in the second half of the Budget session.
Bills on CGST, IGST and Compensation will be vetted for final approval in the next meeting of GST Council will be held on February 18, and then introduced in Parliament.
Jaitley says there was a broad view that July 1 appears to be a more realistic date to roll out GST.
GST Council had in previous meeting agreed on most of the clauses of the draft IGST law.
Jaitley says there was still work left for GST Bills and the Council will again meet on January 16.
While the intent cannot be questioned, the industry believes that it will be very difficult to implement.
States fear a slowdown due to demonetisation coupled with the teething problems when GST is implementing may adversely impact revenue growth.
Jaitley says the GST roll out target stays at April 2017.
The Draft Model GST Law, Draft IGST Law and Draft Compensation Law placed in the public domain for information of trade, industry and other stake holders.