https://www.taxtmi.com/article/detailed?id=989 Introduction of a composite Goods and Services Tax (GST) aims to replace multiple central and state indirect levies with a chain-of-set-off mechanism, reduce compliance burden, and include a dual-rate and compensation framework; core disputes concern revenue protection for states, constitutional design including a previously proposed veto for the Union Finance Minister (later withdrawn), governance arrangements and a dispute-resolution mechanism, all of which have delayed implementation pending state consensus required for constitutional ratification. en-us Tue, 19 Oct 2010 14:49:26 +0530 Wed, 04 Feb 2015 19:07:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=989 Introduction of a composite Goods and Services Tax (GST) aims to replace multiple central and state indirect levies with a chain-of-set-off mechanism, reduce compliance burden, and include a dual-rate and compensation framework; core disputes concern revenue protection for states, constitutional design including a previously proposed veto for the Union Finance Minister (later withdrawn), governance arrangements and a dispute-resolution mechanism, all of which have delayed implementation pending state consensus required for constitutional ratification. Articles Goods and Services Tax - GST Tue, 19 Oct 2010 14:49:26 +0530 https://www.taxtmi.com/article/detailed?id=989