Summary of Model GST law
The model GST law has been released on 14th June, 2016. It outlays the basic structure of the CGST act; SGST acts to be based on the structure laid out. The draft of the IGST act has been also released as a part of the Model GST law.
The key features of the Model are summarised as under:
Scope of GST:
The act is extended to whole of India including Jammu Kashmir. There can be different appointed dates in different states.
Basic Definitions:
Section 2 o
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