https://www.taxtmi.com/news?id=1039 The speech sets out the proposed architecture for a national Goods and Services Tax, diagnosing the current fragmented indirect tax regime and specifying design conditions: aligned exemption lists, moderate combined Central and State rates, uniform State treatment, destination-based taxation, a seamless input credit chain across intra- and inter-state supplies, similar tax treatment for goods and services, export neutrality, and simplified harmonised procedures, together with administrative reforms including enhanced taxpayer services and a robust IT infrastructure to support compliance and data exchange. en-us Tue, 10 Nov 2009 16:37:00 +0530 Thu, 05 Feb 2015 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1039 The speech sets out the proposed architecture for a national Goods and Services Tax, diagnosing the current fragmented indirect tax regime and specifying design conditions: aligned exemption lists, moderate combined Central and State rates, uniform State treatment, destination-based taxation, a seamless input credit chain across intra- and inter-state supplies, similar tax treatment for goods and services, export neutrality, and simplified harmonised procedures, together with administrative reforms including enhanced taxpayer services and a robust IT infrastructure to support compliance and data exchange. News - Tue, 10 Nov 2009 16:37:00 +0530 https://www.taxtmi.com/news?id=1039