https://www.taxtmi.com/news?id=1040 The Paper proposes a dual GST with separate Central and State components, distinct ITC pools, and uniform core features; an IGST levied by the Centre on inter State supplies to preserve uninterrupted ITC and avoid cash blockage; subsumption of specified Central and State indirect levies while excluding certain items (notably alcoholic beverages and specified petroleum products); a two rate plus special and exempted item structure with zero rating of exports; uniform thresholds and a composition scheme for small taxpayers; and necessary constitutional amendments, central and State legislation, IT infrastructure and a time bound compensation mechanism for States during transition. en-us Tue, 10 Nov 2009 18:48:32 +0530 Thu, 22 Sep 2016 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1040 The Paper proposes a dual GST with separate Central and State components, distinct ITC pools, and uniform core features; an IGST levied by the Centre on inter State supplies to preserve uninterrupted ITC and avoid cash blockage; subsumption of specified Central and State indirect levies while excluding certain items (notably alcoholic beverages and specified petroleum products); a two rate plus special and exempted item structure with zero rating of exports; uniform thresholds and a composition scheme for small taxpayers; and necessary constitutional amendments, central and State legislation, IT infrastructure and a time bound compensation mechanism for States during transition. News - Tue, 10 Nov 2009 18:48:32 +0530 https://www.taxtmi.com/news?id=1040