ICAI invites suggestions on draft Model GST Law

By | June 15, 2016
(Last Updated On: June 15, 2016)

The 122nd Constitution (Amendment GST) Bill, 2014 to thoroughly overhaul India’s indirect tax regime has been passed by the Lok Sabha in 2015 and pending with Rajya Sabha for its approval and may be passed in the monsoon session of Parliament. This is a welcome step of the government has released draft Model GST Law in public domain. The provision for audit under section 42 (4) may also be examined as a landmark opportunity for professionals.

In order to support the government with smooth transition to GST from existing regime, ICAI is in the process of collating suggestions on the draft GST Law as released by Ministry of Finance. This would help in making the law simple, fair and transparent.The draft bill is hosted on the below link:


We request you to provide your suggestions on the draft Model GST Law at the below linklatest by 30thJune 2016.


CA. Madhukar Narayan Hiregange
Indirect Taxes Committee
CA. Sushil Kumar Goyal
Vice Chairman
Indirect Taxes Committee

 The Institute of Chartered Accountants of India
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Website: http://www.icai.org; www.idtc.icai.org for help please visit: http://help.icai.org

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