https://www.taxtmi.com/article/detailed?id=1369 The paper proposes a destination based dual GST subsuming existing indirect taxes, with centre and states levying tax on a common base, an Integrated GST for inter state transactions, broad input tax credit flow, unified registration and electronic returns, and conversion of legacy exemptions into refund schemes. It identifies core issues-revenue neutrality, coverage and scope of "consideration", input credit disputes, transitional treatment of composite contracts, inter state jurisdiction rules, and the need for PAN India uniformity enforced via a GST Council-and stresses political, IT, administrative and compliance hurdles to a successful, phased roll out. en-us Thu, 28 Jul 2011 06:46:27 +0530 Wed, 04 Feb 2015 19:05:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1369 The paper proposes a destination based dual GST subsuming existing indirect taxes, with centre and states levying tax on a common base, an Integrated GST for inter state transactions, broad input tax credit flow, unified registration and electronic returns, and conversion of legacy exemptions into refund schemes. It identifies core issues-revenue neutrality, coverage and scope of "consideration", input credit disputes, transitional treatment of composite contracts, inter state jurisdiction rules, and the need for PAN India uniformity enforced via a GST Council-and stresses political, IT, administrative and compliance hurdles to a successful, phased roll out. Articles Goods and Services Tax - GST Thu, 28 Jul 2011 06:46:27 +0530 https://www.taxtmi.com/article/detailed?id=1369