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…
Popular Articles :
IMPACTS OF GST E-INVOICING SYSTEM
Key characteristics for Auto-population of e-invoice
Extention of TDS/TCS statement filing Date
Most Important GST-Related Supreme Court Judgments for Practice The five most impactful Supreme Court cases are discussed in detail. These… Read More
All About the Code on Social Security, 2020: Employer Compliance Guide 2026 What is the meaning of "Code on Social… Read More
Employment Information Return (Form XXVI) under the Code on Social Security, 2020 The Employment Exchanges (Compulsory Notification of Vacancies) Act,… Read More
GSTN: E-Way Bill Enhancements (Ship-To GSTIN) hold next notice GSTN advisory is significant because it would have introduced new mandatory… Read More
Taxation of F&O trading as non-speculative business: F&O trading is treated as non-speculative business income u/s 43(5) and is taxable… Read More
Avoid artificial tax-saving tricks ("jugaads") while filing ITR Don't Claim Section 10(14)(i) Allowances Just to Save Tax Recently, several social… Read More