The government has put out the draft rules for the goods and
services tax for discussion ahead of the September 30 meeting of the centre and
states to discuss the regulations. In view of the right deadline, the finance
ministry has asked for feedback by September 28. Rules relate to registration,
invoice and payments, laying down procedures, guidelines and documentation in company formations services in India.
The GST council will discuss the rules on September 30, The
government has prescribed a largely online process for registration and laid down
strict timelines for completing the process. We intend to have these rules
approved by GST council in its meeting on 30th September so that
business systems can be modified by all revenue.
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