Draft model law released on June 14, 2016 for public opinion, comprising of:
GST Act, 2016 covering both Central law (CGST) and State law (SGST) dealing with intra-state supply of goods and/or services.
Integrated GST Act, 2016 (IGST) dealing with inter-state supply of goods and/or services.
Destination based tax – consumption based States to generate more revenue.
Applicable to both supply of goods and supply of services instead of existing separate laws.
Draft IGST law provides for determination of place of supply of goods and services.
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