https://www.taxtmi.com/article/detailed?id=662 The Department supports a dual GST framework with an additional IGST on inter State transactions collected by the Centre and apportioned to States under a clearing mechanism to preserve an uninterrupted input tax credit chain. It urges uniformity in chargeability, taxable events, valuation and classification across CGST and SGST statutes, recommends common thresholds and simplified electronic registration and return regimes, and proposes a composition scheme for small taxpayers administered by States while favoring a single rate approach and a common limited exempt list for Centre and States. en-us Wed, 03 Feb 2010 17:06:43 +0530 Wed, 04 Feb 2015 19:09:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=662 The Department supports a dual GST framework with an additional IGST on inter State transactions collected by the Centre and apportioned to States under a clearing mechanism to preserve an uninterrupted input tax credit chain. It urges uniformity in chargeability, taxable events, valuation and classification across CGST and SGST statutes, recommends common thresholds and simplified electronic registration and return regimes, and proposes a composition scheme for small taxpayers administered by States while favoring a single rate approach and a common limited exempt list for Centre and States. Articles Goods and Services Tax - GST Wed, 03 Feb 2010 17:06:43 +0530 https://www.taxtmi.com/article/detailed?id=662