Revised Draft
Model GST Law, Draft IGST Law and Draft Compensation Law
The
Draft Model GST Law, Draft IGST Law and Draft Compensation Law which would be
considered by the GST Council for approval are placed in the public domain for
information of trade, industry and other stake holders. The Draft Model Laws
can be accessed at the following websites: www.cbec.gov.in, www.dor.gov.in and www.gst.gov.in
Earlier,
the Draft Model GST Law was put in public domain in the month of June, 2016 for
comments. A large number of comments were received on the Draft Model GST Law
from various stake holders including the trade and industry associations and
public.
A
Technical Committee of officers from some of the States and the Central
Government was constituted to examine the inputs from the stake holders and
make suitable amendments in the Draft Model GST Law. The Revised Draft
submitted by this Technical Committee on law was further discussed in a meeting
held on 21st and 22nd of November, 2016 in Delhi where
officers from all States and Central Government were present. The revised and
improved version of this Model GST laws shall now be considered by the GST
Council for approval on 2nd and 3rd of December, 2016.