Key Highlights of the Model GST Law

Threshold limit

Rs 10 Lakh for Special Category States *
Rs 20 Lakh for other than Special Category States
(*Arunachal Pradesh, Assam, Jammu and Kashmir, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, Himachal Pradesh and Uttarakhand)

Place of registration
A taxable person has to take registration in the State(s) from where taxable goods or services are supplied.

Aggregate value
Includes all Taxable Supplies, Exempt Supplies and Export supplies.

Supply includes,

All forms of supply of goods and/or services such as sale, transfer, barter, exchange, license, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of business, importation of services, for a consideration whether or not in the course or furtherance of business.

Supply specified in Schedule I, made or agreed to be made without a consideration.

The tax liability on a composite or a mixed supply shall be determined in the following manner

A composite supply comprising two or more supplies, one of which is a principle supply, shall be treated as a supply of such principal supply;

A mixed supply comprising two or more supplies shall be treated as supply of that particular supply which attracts the highest rate of tax.

Where tax payer pays one tax for another:

(a) CGST/SGST – Instead of IGST
(b) IGST – Instead of CGST/SGST

Refund to be claimed of the wrongly paid tax & the appropriate tax to be paid to the Government without interest

Casual taxable persons or Non-resident taxable persons are required to make an advance payment of estimated tax liability at time of registration application

Refund of tax, if any excess paid shall be allowed subjected to that the dealer must file all the returns.

Tax refund for international tourist scheme provide an opportunity to foreign tourist to buy goods manufactured during their stay in any country and claim refund of the tax suffered on such goods at the time of their exit from the country. In India, it is expected that the scheme will be implemented through the retailer registered for the purpose of this scheme.

Tax refund for international tourist scheme provide an opportunity to foreign tourist to buy goods manufactured during their stay in any country and claim refund of the tax suffered on such goods at the time of their exit from the country. In India, it is expected that the scheme will be implemented through the retailer registered for the purpose of this scheme.

Tax refund for international tourist scheme provide an opportunity to foreign tourist to buy goods manufactured during their stay in any country and claim refund of the tax suffered on such goods at the time of their exit from the country. In India, it is expected that the scheme will be implemented through the retailer registered for the purpose of this scheme.

Tax refund for international tourist scheme provide an opportunity to foreign tourist to buy goods manufactured during their stay in any country and claim refund of the tax suffered on such goods at the time of their exit from the country. In India, it is expected that the scheme will be implemented through the retailer registered for the purpose of this scheme.