https://www.taxtmi.com/article/detailed?id=6856 The Draft Model GST Law establishes a destination-based consumption tax focused on the concept of supply, prescribing rules for place, time and value of supply to determine tax jurisdiction and incidence. It sets out registration and compliance architecture, an input tax credit regime (including credit distribution and job work), invoicing and return obligations, payment, demand and refund mechanisms, transitional provisions, and a complementary Integrated GST draft for inter-state supplies, and is released for stakeholder consultation to resolve operational issues such as taxation of complex contracts. en-us Wed, 15 Jun 2016 07:22:05 +0530 Wed, 15 Jun 2016 10:15:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6856 The Draft Model GST Law establishes a destination-based consumption tax focused on the concept of supply, prescribing rules for place, time and value of supply to determine tax jurisdiction and incidence. It sets out registration and compliance architecture, an input tax credit regime (including credit distribution and job work), invoicing and return obligations, payment, demand and refund mechanisms, transitional provisions, and a complementary Integrated GST draft for inter-state supplies, and is released for stakeholder consultation to resolve operational issues such as taxation of complex contracts. Articles Goods and Services Tax - GST Wed, 15 Jun 2016 07:22:05 +0530 https://www.taxtmi.com/article/detailed?id=6856