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:-
- Goods and Services Tax Act’ 2016
- 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)
Author Bio
