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Goods and Services Tax

GST Bill passed, but there's need for further deliberation on draft Model Law

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With introduction of Draft Model GST Law in June 2016 (Model law), India Inc is inching closer to witnessing GST as a reality in recent times to come. While the fate of GST bill is yet to be seen during ongoing monsoon session, drafting and finalisation of GST law is no less than a herculean task in itself.

Amit Sarkar
Partner, Grant Thornton Bharat LLP

Krishan Arora
Director, Grant Thornton Bharat LLP

This article appeared in Firstpost on 5th August, 2016.