Draft Model GST Law, IGST Law and GST Compensation Law in public domain now [read full text]


Recently, the Constitution was amended for bringing in the Goods & Services Tax (GST) to be levied in place of several taxes collected by the Central Government and the State Governments. The GST is likely to come into effect from 1 April 2017 replacing various taxes. For this purpose, on 26 November 2016, the Central Government has now placed the Draft Model GST Law, Draft IGST Law and Draft GST Compensation Law in the public domain for information of trade, industry and general members of the public. These draft laws would be considered by the GST Council for approval on 2nd and 3rd of December, 2016.

It is pertinent to point out that previously, the Draft Model GST Law was put in public domain in the month of June, 2016 for comments from public. Based on a large number of comments received from 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.

Accordingly, these Revised Drafts have now been placed in public domain.

Read these draft laws as under.

Read Draft GST Law as under:

Read Draft IGST Law as under:

Read Draft GST Compensation Law as under:

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