https://www.taxtmi.com/news?id=2036 Implementation of a Goods and Services Tax (GST) is proposed with dual components, CGST and SGST, advocating uniform exemption and compounding thresholds across both components, a phased transition from an initial dual-rate goods structure to a single unified rate tied to revenue performance and compensation arrangements, harmonisation of exemptions between central excise and VAT, provision of compensation for transitional state revenue losses including purchase tax subsumption, and rapid deployment of nationwide IT infrastructure to minimise taxpayer-administration interface. en-us Mon, 25 Jul 2011 21:43:03 +0530 Mon, 25 Jul 2011 21:43:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2036 Implementation of a Goods and Services Tax (GST) is proposed with dual components, CGST and SGST, advocating uniform exemption and compounding thresholds across both components, a phased transition from an initial dual-rate goods structure to a single unified rate tied to revenue performance and compensation arrangements, harmonisation of exemptions between central excise and VAT, provision of compensation for transitional state revenue losses including purchase tax subsumption, and rapid deployment of nationwide IT infrastructure to minimise taxpayer-administration interface. News - Mon, 25 Jul 2011 21:43:03 +0530 https://www.taxtmi.com/news?id=2036