FOREWORD - Faq On GST (2nd Edition) Dated 31.3.2017

FOREWORD The compilation of frequently asked questions on GST brought out by the apex training institute under the Central Board of Excise Customs (CBEC) the National Academy of Customs, Excise Narcotics (NACEN), has been extremely well received. These GST FAQs were released on 21st September, 2016 by the Hon ble Finance Minister and were based on the Model GST Law as on June, 2016. The GST FAQs were translated in many regional languages to ensure dissemination across the country. A number of significant developments have taken place since the first edition was released. As of now the draft laws of CGST, SGST, IGST, UTGST and Compensation cess along with a host of rules have been approved by GST Council. The Central bills have been introduced in the Parliament; legislation relating to States will be passed by the respective state assemblies. As promised at the time of bringing the first edition, a second edition of the FAQs has been prepared by NACEN based on the aforesaid bills introduced in the Parliament. I congratulate DG, NACEN and his team for the efforts made and am sure that these will go a long way in disseminating knowledge and awareness on GST amongst the Tax officials, Trade and Public. Najib Shah Chairman, CBEC