Today Released the Model GST Law

 

TODAY HAS RELEASED THE MODEL GST LAW

Finance Minister Arun Jaitley, after the meeting of  Empowered Committee of State Finance Ministers, has said, “So far, every state has given its detailed views on the GST itself. Virtually, every state has supported the idea of GST except one state Tamil Nadu, they have made some suggestions which has been taken note of.

CBEC released the Model State and Central GST Bills in Nov 2016. Model State/Central GST Bill provides for the levy of:

(i) State Goods and Services Tax (SGST) by the states. and

(ii) the Central Goods and Services Tax (CGST) by the centre,

Finance Minister TODAY has released the Model GST Law after getting in-principle nod from the Empowered Committee of State Finance Ministers. The copy of the Model GST Law can be down loaded from the following link:

https://www.finmin.nic.in/reports/ModelGSTLaw_draft.pdf

A printable Copy in PDF format is also attached for your ready reference…

Hope, you will find the same useful…Happy GST ahead…

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