https://www.taxtmi.com/article/detailed?id=557 The Discussion Paper proposes a dual GST model with separate CGST and SGST statutes, each administered and collected independently; ITC for CGST and SGST would be usable only against the corresponding tax, with cross utilisation generally disallowed except under an IGST regime for inter state supplies. IGST credits may be set off against IGST, CGST or SGST liabilities, but operational details on rate composition, threshold interactions and credit flows remain unresolved. Several central and state levies would be subsumed while certain duties and a defined set of petroleum products would remain outside GST. en-us Thu, 12 Nov 2009 12:36:58 +0530 Wed, 04 Feb 2015 19:12:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=557 The Discussion Paper proposes a dual GST model with separate CGST and SGST statutes, each administered and collected independently; ITC for CGST and SGST would be usable only against the corresponding tax, with cross utilisation generally disallowed except under an IGST regime for inter state supplies. IGST credits may be set off against IGST, CGST or SGST liabilities, but operational details on rate composition, threshold interactions and credit flows remain unresolved. Several central and state levies would be subsumed while certain duties and a defined set of petroleum products would remain outside GST. Articles Goods and Services Tax - GST Thu, 12 Nov 2009 12:36:58 +0530 https://www.taxtmi.com/article/detailed?id=557