https://www.taxtmi.com/article/detailed?id=1440 Implementation of a destination based Goods and Services Tax will subsume major central and state indirect levies, provide comprehensive input tax set off for goods and services, and zero rate exports subject to refund procedures. Imports will attract CGST and SGST with full set off availability. Certain goods (alcoholic beverages and specified petroleum products) are proposed to remain outside GST, while thresholds and exemptions will protect small businesses and limit dual control; shared IT infrastructure is required for coordination and credit reconciliation. en-us Tue, 27 Sep 2011 23:56:30 +0530 Wed, 04 Feb 2015 19:03:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1440 Implementation of a destination based Goods and Services Tax will subsume major central and state indirect levies, provide comprehensive input tax set off for goods and services, and zero rate exports subject to refund procedures. Imports will attract CGST and SGST with full set off availability. Certain goods (alcoholic beverages and specified petroleum products) are proposed to remain outside GST, while thresholds and exemptions will protect small businesses and limit dual control; shared IT infrastructure is required for coordination and credit reconciliation. Articles Goods and Services Tax - GST Tue, 27 Sep 2011 23:56:30 +0530 https://www.taxtmi.com/article/detailed?id=1440