Tag Archives: Revised Draft Model GST Law

Goods Definition changed under Revised Draft Model GST Law

Goods Definition changed under Revised Draft Model GST Law Section 2(49) of the revised draft model and Section 2(48) of Old Model GST Law Key Point Draft Model GST Law  June 2016 Revised Draft Model  Nov 2016 Goods “goods’’ means every kind of movable property other than actionable claim and money but includes securities, growing… Read More »

Capital Goods Definition Changed in New Draft Model GST Law

Capital Goods Definition under Model GST Law Definition of Capital Goods as per the New Draft Model GST Law, released by CBEC on 25.11.2016 – “capital goods” means goods, the value of which is capitalised in the books of accounts of the person claiming the credit and which are used or intended to be used in the course or… Read More »