The Empowered committee of State Finance Ministers has today released the much awaited model GST law June, 2016 for public debate. The new law has two Acts:-

  1. Goods and Services Tax Act’ 2016
  2. Integrated Goods and Services Tax Act’ 2016

The Goods and Service Tax Act’ 2016 has 25 Chapters, 162 Sections, 4 Schedules along with GST Valuation Rules’ 2016 and runs into 162 pages. While the Integrated Goods and Services Tax Act’ 2016 has got 11 Chapters, 33 Sections and runs into 27 pages.

There are number of other Rules and notifications which are soon to be placed for public debate.

In this article we have covered the list of chapters that has been put on the GST Act.

LIST OF CHAPTERS IN GST ACT’ 2016

Chapter No. Chapter Name
Chapter -1 Preliminary
Chapter -2 Administration
Chapter -3 Levy of, And Exemption From, Tax
Chapter -4 Time and Value of Supply
Chapter -5 Input Tax Credit
Chapter -6 Registration
Chapter -7 Tax Invoice, Credit and Debit Notes
Chapter -8 Returns
Chapter -9 Payment of Tax
Chapter -9A Transfer of Input Tax Credit
Chapter -10 Refunds
Chapter -11 Accounts and Records
Chapter -11A Job Work
Chapter -11B Electronic Commerce
Chapter -12 Assessment
Chapter -13 Audit
Chapter -14 Demands and Recovery
Chapter -15 Inspection, Search, Seizure and Arrest
Chapter -16 Offences and Penalties
Chapter -17 Prosecution and Compounding of Offences
Chapter -18 Appeals
Chapter -18 Appeals and Revision
Chapter -19 Advance Ruling
Chapter -20 Settlement of Cases
Chapter -21 Presumption as to Documents
Chapter -22 Liability to pay in Certain Cases
Chapter -23 Miscellaneous Provisions
Chapter -24 Repeal and Saving
Chapter -25 Transitional Provisions

 LIST OF CHAPTERS IN INTEGRATED GST ACT’ 2016

Chapter No. Chapter Name
Chapter -1 Preliminary
Chapter -2 Principles for Determining Supply of Goods and/or Services in the Course of Inter-State Trade or Commerce
Chapter -3 Levy and Collection of Tax
Chapter -4 Place of Supply of Goods and/or Services
Chapter -5 Payment of Tax
Chapter -6 Input Tax Credit
Chapter -7 Apportionment of Tax and Settlement of Funds
Chapter -8 Settlement of Cases
Chapter -9 Miscellaneous
Chapter -10 Transitional Provisions
Chapter -11 Administration

Stay tuned with detailed analysis on each and every chapter.

To access the Draft Model GST Law, please click on the link below:

(CA Raman Singla, Partner – Indirect Tax Professionals , Devalya Advisory LLP, Mob: +91 9899834353, Mail: caramansingla@gmail.com)

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