Goods and Service Tax (GST) Acts passed by the Parliament

The Goods and Service Tax Act have been passed by the Indian Parliament and has received assent of the President. Once the said Acts are notified and the State GST Acts are enacted, GST shall come into force. It is highly expected that GST shall come into force force...

Revised GST Rules dt. 31.03.2017 released for comments

Some of the rules have been placed in public domain by the GST Council for comments. Rules such as Valuation, ITC, Composition, Transition, etc. have been placed in public domain for the first instance. Whereas some revised version of rules have also been released,...

GST Bills as introduced in the Lok Sabha – 27.03.2017

The GST bills, namely CGST (Central GST), UTGST (Union Territory GST), IGST (Integrated GST) and GST Compensation to States Bill were introduced in the Lok Sabha on 27.03.2017. The bills are available as under for ready reference. Central Goods and Service Tax Bill,...

Anti-Profiteering Measures in the revised draft Model GST Law

Anti–profiteeringMeasures in the Draft Model GST Law (Nov 2016)             The Goods and Services Tax Law (GST) proposed to be introduced in India, drawing powers from the 101st Constitutional Amendment Act brings in an unprecedented but much needed provision...