02/08/2016 at 9:05 am #6700
The Indirect Taxes Committee of ICAI has launched the “Background Material on Model GST Law”
The recent developments with respect to Goods & Services Tax (GST) has considerably raised hopes of its implementation in India by April 2017. The Constitution amendment bill for framing the law for setting up the Goods and Services Tax regime may be passed in this session of Parliament. Further, the Government has already made available the draft Model GST Law in the public domain which provides us with an opportunity to engage with Government and collaboratively shape a final law that ensures certainty, efficiency and simplicity.
The Indirect Taxes Committee of ICAI, being proactive, has taken upon itself to keep the members abreast with the latest developments in the field of GST and has launched the “Background Material on Model GST Law”. It is indeed a matter of honour for us as we were requested by the Department to prepare this Background Material on Model GST Law for its Officers, which we accepted and have delivered within a very short and committed timeline. This material is being used countrywide for GST training of department officials.
The background material is comprehensive and contains a clause by clause analysis of the Model GST Law along with comparisons to related provisions of existing law, FAQ’s, MCQ’s, Flowcharts and Illustrations etc. to make the reading and understanding easier. It would provide the basic understanding of the Model law. Amendments are expected with time an in-depth analysis to the proposed GST regime. It is available for sale @ Rs.450/- plus courier charges which can be ordered online at https://icaionlinestore.org/indirect-taxes-committee or can be obtained from the branches/ regional offices in a week time with prior request.
You can also download the soft copy of Background Material on Model GST Law from website of Indirect Taxes Committee http://www.idtc.icai.org, which is available on the following link:
Download Link: http://www.idtc.icai.org/publications.php
In case on any clarifications required, please contact CA. Sharad Singhal, Secretary, Indirect Taxes Committee at [email protected] or 0120-3045954.
Hope this publication will assist you in your professional endeavours.
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