Provisions, rules & Schedules of Model GST law (190 pages) is summarised.
On 6th May, 2015, GST bill was passed in Lok Sabha. As demanded, the bill was sent to the Rajya Sabha Select Committee headed by Shri Bhupender Yadav for review. Based on suggestions made by the Department of Revenue, State Governments, experts and
Changes by way of notifications issued on 19th May�2015 to beeffective from 1st June�2015 13/2015 Omits the definition of 'chit' from the abatement notification 26/2012.�chit� means a transaction whether called chit,
ConceptGST or Goods and Service Tax is an indirect tax levied on value addition done on goods and services. It shall replace all other kinds of indirect taxes levied at central or state level like excise, customs, VAT etc.