https://www.taxtmi.com/article/detailed?id=423 A dual GST model will have the Centre and States each legislate, levy and administer respective taxes under a destination-based, value-added tax-credit mechanism that subsumes most indirect levies; implementation requires constitutional amendments, tax and threshold rationalisation, a seamless input-credit system, standardised nationwide IT systems, dispute-resolution machinery, and safeguards to protect central and state revenues while accommodating excluded items such as alcohol and petroleum. en-us Mon, 20 Jul 2009 00:00:00 +0530 Wed, 04 Feb 2015 19:12:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=423 A dual GST model will have the Centre and States each legislate, levy and administer respective taxes under a destination-based, value-added tax-credit mechanism that subsumes most indirect levies; implementation requires constitutional amendments, tax and threshold rationalisation, a seamless input-credit system, standardised nationwide IT systems, dispute-resolution machinery, and safeguards to protect central and state revenues while accommodating excluded items such as alcohol and petroleum. Articles Goods and Services Tax - GST Mon, 20 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=423