By the Ministry of Finance

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By the Ministry of Finance GST Goods and Services Tax MODEL GST LAW Released on 14-Jun-2016 By the Ministry of Finance By CA Virender Chauhan +91-98101-37128 CA Kanchan Grover +91-83770-76697 vkc.smile@gmail.com

April 01, 2017 deadline be met? Can

9 STAGES FOR GST ROLL-OUT

Stage-1 Constitution Amendment Bill passes in parliament on 3rd August 2016

Stage-2 Ratification of Bill by at least 16 states

Stage-3 President’s Assent required after ratification procedure made by states

Stage-4 GST Council to be formed to finalize the provisions related to tax rate, exemptions etc.

Stage-5 Industry feedback required to help the GST Council in finalizing the Model GST Law

Stage-6 Respective bills to be passed by each state legislature in accordance with the Model GST Law

Stage-7 Enactment by Parliament after finalization of laws by Centre and States

Stage-8 GST Network to be launched to help tax payers to understand the processes

Stage-9 Implementation of GST after completion of all processes

Searching For Excellence Thanking You By: CA Virender Chauhan CA Kanchan Grover 98101-37128 vkc.smile@gmail.com Searching For Excellence 08-Jul-16 CA Virender Chauhan