India: “Model” GST draft law | KPMG | GLOBAL

India: “Model” GST draft law

India: “Model” GST draft law

The government has released a “model” goods and services tax (GST) law.


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The Empowered Committee of State Finance Ministers released two drafts of the GST law along with valuation rules to be adopted under a GST regime:

  • The Central/State Goods and Services Tax Act, 2016
  • Integrated Goods and Services Tax Act, 2016 

With the release of the model GST law on 14 June 2016, this moves India closer to implementing a GST by 1 April 2017—provided that the Rajya Sabha approves the constitution amendment bill in the upcoming “monsoon session.” 


Read a June 2016 report [PDF 380 KB] prepared by the KPMG member firm in India: Government of India releases the model Goods and Service Tax Law

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