https://www.taxtmi.com/news?id=1211 A phased GST introduction is proposed with a transitional dual rate structure accepted by the Centre and alignment of CGST exemptions with State SGST exemptions; a uniform dealer and service exemption threshold is proposed, and the Centre offers a higher compounding threshold for small dealers subject to State agreement. The Centre requests matching SGST rates so combined effective rates fall within a targeted initial band, with planned year by year adjustments to converge CGST and SGST to a single common rate contingent on revenue and compensation outcomes. en-us Wed, 04 Aug 2010 21:53:04 +0530 Thu, 05 Feb 2015 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1211 A phased GST introduction is proposed with a transitional dual rate structure accepted by the Centre and alignment of CGST exemptions with State SGST exemptions; a uniform dealer and service exemption threshold is proposed, and the Centre offers a higher compounding threshold for small dealers subject to State agreement. The Centre requests matching SGST rates so combined effective rates fall within a targeted initial band, with planned year by year adjustments to converge CGST and SGST to a single common rate contingent on revenue and compensation outcomes. News - Wed, 04 Aug 2010 21:53:04 +0530 https://www.taxtmi.com/news?id=1211