GST- Summary of the Model GST law



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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