https://www.taxtmi.com/article/detailed?id=1376 A dual GST model with CGST and SGST plus an IGST for inter state transactions is proposed, with SGST on imports collected by the Centre and apportioned to states. CGST and SGST apply to taxable supplies except specified exemptions and below threshold transactions; accounts will identify CGST/SGST credits. A common registration, return formats and service centres are proposed. Input Tax Credit must be maintained separately for CGST and SGST, with cross utilisation generally disallowed except for inter state supplies; refunds in limited cases should be time bound. Administrative simplifications for small dealers are recommended. en-us Wed, 03 Aug 2011 08:10:59 +0530 Wed, 04 Feb 2015 19:05:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1376 A dual GST model with CGST and SGST plus an IGST for inter state transactions is proposed, with SGST on imports collected by the Centre and apportioned to states. CGST and SGST apply to taxable supplies except specified exemptions and below threshold transactions; accounts will identify CGST/SGST credits. A common registration, return formats and service centres are proposed. Input Tax Credit must be maintained separately for CGST and SGST, with cross utilisation generally disallowed except for inter state supplies; refunds in limited cases should be time bound. Administrative simplifications for small dealers are recommended. Articles Goods and Services Tax - GST Wed, 03 Aug 2011 08:10:59 +0530 https://www.taxtmi.com/article/detailed?id=1376