https://www.taxtmi.com/article/detailed?id=1425 Goods and Services Tax rollout was postponed owing to unresolved intergovernmental disagreements over rates, a required compensation mechanism for States losing revenue from Central Sales Tax reduction, and the need for constitutional amendment and legislative and IT preparations. Additional disputes concerned sectoral inclusion and credit treatment-notably petroleum, alcohol and tobacco-where proposals ranged from exclusion to dual levy with restricted credits. Empowered Committee papers and commentators urged preparatory reforms and rationalisation of service tax prior to implementation. en-us Wed, 14 Sep 2011 22:18:13 +0530 Wed, 04 Feb 2015 19:04:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1425 Goods and Services Tax rollout was postponed owing to unresolved intergovernmental disagreements over rates, a required compensation mechanism for States losing revenue from Central Sales Tax reduction, and the need for constitutional amendment and legislative and IT preparations. Additional disputes concerned sectoral inclusion and credit treatment-notably petroleum, alcohol and tobacco-where proposals ranged from exclusion to dual levy with restricted credits. Empowered Committee papers and commentators urged preparatory reforms and rationalisation of service tax prior to implementation. Articles Goods and Services Tax - GST Wed, 14 Sep 2011 22:18:13 +0530 https://www.taxtmi.com/article/detailed?id=1425