What is GST? The term GST stands for Goods and Services Tax. Actually, GST is a destination based tax, which has been invented across the country since last July. This tax can replace the former central taxes as well as duties such as Special Additional Duty of Customs (SAD), Excise Duty, Counter Veiling Duty (CVD), […]
Summary of Model GST law The model GST law has been released on 14th June 2016. It outlays the basic structure of the CGST act; SGST acts to be based on the structure laid out. The draft of the IGST act has been also released as a part of the Model GST law.