https://www.taxtmi.com/article/detailed?id=910 The GST framework proposes a dual rate structure with common exemptions and a uniform threshold, phased to a single rate; a central compensation mechanism for transitional state revenue shortfalls; inclusion debate over petroleum; and governance by a GST Council chaired by the Union Finance Minister with asserted central veto, supported by constitutional amendment options and a national IT platform for implementation. en-us Tue, 17 Aug 2010 00:00:00 +0530 Wed, 04 Feb 2015 19:08:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=910 The GST framework proposes a dual rate structure with common exemptions and a uniform threshold, phased to a single rate; a central compensation mechanism for transitional state revenue shortfalls; inclusion debate over petroleum; and governance by a GST Council chaired by the Union Finance Minister with asserted central veto, supported by constitutional amendment options and a national IT platform for implementation. Articles Goods and Services Tax - GST Tue, 17 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=910