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By the Ministry of Finance

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Presentation on theme: "By the Ministry of Finance"— Presentation transcript:

1 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 CA Kanchan Grover

2 April 01, 2017 deadline be met? Can

3 9 STAGES FOR GST ROLL-OUT

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

5 Stage-2 Ratification of Bill by at least 16 states

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

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

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

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

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

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

12 Stage-9 Implementation of GST after completion of all processes

13 Searching For Excellence
Thanking You By: CA Virender Chauhan CA Kanchan Grover Searching For Excellence 08-Jul-16 CA Virender Chauhan


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