https://www.taxtmi.com/news?id=3380 Introduction of GST aims to remove tax cascading, enhance competitiveness, increase transparency, check revenue leakage, and provide States with tax revenues aligned to consumption. Preparatory reforms cited include the switch to State VAT, integration of central excise and service taxation, and a Constitution Amendment Bill. Institutional measures include creating a non government Special Purpose Vehicle to operate the GSTN with mixed governance while government retains strategic control. Parliamentary concerns noted include inflation risk, uniform rates, higher registration thresholds, dispute resolution simplification, and decision making procedures for the GST council. en-us Tue, 22 May 2012 15:30:47 +0530 Thu, 05 Feb 2015 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3380 Introduction of GST aims to remove tax cascading, enhance competitiveness, increase transparency, check revenue leakage, and provide States with tax revenues aligned to consumption. Preparatory reforms cited include the switch to State VAT, integration of central excise and service taxation, and a Constitution Amendment Bill. Institutional measures include creating a non government Special Purpose Vehicle to operate the GSTN with mixed governance while government retains strategic control. Parliamentary concerns noted include inflation risk, uniform rates, higher registration thresholds, dispute resolution simplification, and decision making procedures for the GST council. News - Tue, 22 May 2012 15:30:47 +0530 https://www.taxtmi.com/news?id=3380