Highlights of the Revised Draft Model GST Law

The revised draft model GST law was made available on 26th November, 2016. Key highlights of the revised Draft Model GST Law are categorized into the following sections: What are the changes? What are the new additions? What are the exclusions? What are the changes? Subject Topic Draft Law- 14th June, 2016 Revised Draft law- 26th November, 2016 Registration Threshold limit Rs 5 Lakhs for North East states Rs 10 Lakhs for Rest of India Rs 10 Lakhs for Special Category States * Rs 20 Lakhs for other than Special Category States * Arunachal Pradesh, Assam, Jammu and Kashmir, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, Himachal Pradesh and Uttarakhand Aggregate turnover Aggregate value Includes all Taxable Supplies , Non Taxable […]