The Empowered committee of State Finance Ministers has today released the much awaited model GST law June, 2016 for public debate. The new law has two Acts:-
- Goods and Services Tax Act’ 2016
- Integrated Goods and Services Tax Act’ 2016
The Goods and Service Tax Act’ 2016 which has 190 days document containing 25 Chapters, 162 Sections, 4 Schedules along with GST Valuation Rules’ 2016 and runs into 162 pages. While the Integrated Goods and Services Tax Act’ 2016 has got 11 Chapters, 33 Sections and runs into 27 pages.
There are number of other Rules and notifications which are soon to be placed for public debate.
To Download the Draft GST Law click here
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