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GST Weekly Bulletin, Vol I, Issue IX
The GST council once again failed to reach consensus on crucial issue of division tax administration between central and state authorities. However, the council made some progress on the central legislation. The next meeting will be held on December 11-12. The council will try to hammer out differences on which the assessee will be controlled by states and who would be governed by Centre. Further, the council will also have to decide on detailed compensation law to states for the loss of revenue in the first five years.
Author : BSA Taxation Team
Date : December 5, 2016
 
 
GST Weekly Bulletin, Vol I, Issue VIII

The Centre released three drafts of GST laws which include the model GST law, the IGST law and the Compensation law, set to be discussed by the GST Council in its two day meeting starting on December 2. The Centre will notify the rates upon the recommendations of the GST Council which shall not exceed 28%. 

Author : BSA Taxation Team
Date : November 28, 2016
 
 
Revised Draft IGST Law
Central Govt. releases Revised Draft IGST Law. 
Author :
Date : November 26, 2016
 
 
Revised Draft Model GST Law
Government releases revised Draft Model GST Law.
Author :
Date : November 26, 2016
 
 
GST (Compensation To The States For Loss of Revenue) Bill, 2016
Central Govt. releases GST (Compensation To The States For Loss of Revenue) Bill, 2016. Govt. has levied cess on supply of goods or services, including import of goods and services, supplies on which tax is payable on reverse charge basis under CGST Act, for a period of 5 years w.e.f date from which CGST is brought into force, for providing compensation to the States on account of loss of revenue due to implementation of GST.
Author :
Date :
 
 
 
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