Three draft legislation on GST to be ready by 15 September

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The three legislation—central GST law, state GST law and integrated GST law—will lay down the fine print of the indirect tax regime

The government aims to implement GST from 1 April 2016.

New Delhi: Even as uncertainty looms over the passage of the constitutional amendment bill for goods and services tax rollout in the Rajya Sabha, the government has almost finished work on three legislation—central GST law, state GST law and integrated GST law—that will lay down the fine print of this indirect tax regime.

Revenue secretary Shaktikanta Das said all three draft legislation will be ready by 15 September.

“One of the committees has already submitted its report. The other two will do so by 15 September,” Das said while addressing a conference of chief commissioners of Central Board of Excise and Customs.

Once the amendment bill is passed in Parliament, it has to be ratified by 50% of the states and receive the President’s nod. After that, the government has to move these three other bills for Parliament’s nod.

The government aims to implement GST from 1 April 2016.

CBEC has also set up a separate directorate in New Delhi for focusing on the operational aspects of implementing GST, said Najib Shah, chairman, CBEC.

In addition, CBEC is also in discussion with states for streamlining the implementation of the indirect tax regime. It favours greater focus on voluntary compliance and invoking draconian provisions of the law only in specific cases of tax evasion.

CBEC also prefers a strict time limit for passing adjudication orders and streamlining the system of penalties.

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