Video on key highlights of Draft Model GST Law
By: – Bimal jain
Goods and Services Tax – GST
Dated:- 5-7-2016
Dear Professional Colleague,
Video on key highlights of Draft Model GST Law
After getting the Draft Model Goods and Services Tax (“GST”) Law on public domain on June 14, 2016, GST has been creating a buzz amongst all stake holders, eagerly waiting for the monsoon session of the Parliament to commence with the hope that the much awaited Constitutional (122nd Amendment) Bill, 2014 on GST will be passed, which will pave the way for GST in the Country.
GST is a destination based consumption tax levied at multiple stages of production and distribution of goods and services, with taxes on inputs credited against taxes o
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theme presentation made by Mr. Bimal Jain on “Highlights of Draft GST Law, 2016” at the Workshop series on Draft Model GST Law – Scope of supply, Place & Time of supply, Valuation and Transitional provisions in GST, organised by the PHD Chamber of Commerce on June 29, 2016, focuses on following ingredients of Draft Model GST Law along with various suggestions/ issues:
* Overview of Existing Indirect Taxes
* How GST will help Trade & Commerce
* Meaning & Scope of taxable event i.e. 'supply' under GST
* Threshold Exemption
* Time of Supply
* Place of supply
* Valuation under GST
* Registration and Returns under GST
* Input tax credit – scope and limitations thereof
* Other important issues and way forward for GST
Hope th
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