https://www.taxtmi.com/article/detailed?id=5954 GST is proposed as a unified indirect tax replacing multiple central, state and local levies, enabled by a constitutional amendment creating a GST Council to set tax policy and resolve disputes. The amendment includes a transitional compensation mechanism for states and treats petroleum products as zero-rated for an initial transitional period, with later decisions to be made by the Council. Entry tax is brought within GST while tobacco and alcohol are likely excluded. Key implementation details-use of statutory inter-state forms and the administrative structure of tax authorities-remain unresolved pending the final GST legislation. en-us Fri, 19 Dec 2014 12:57:14 +0530 Wed, 04 Feb 2015 18:58:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5954 GST is proposed as a unified indirect tax replacing multiple central, state and local levies, enabled by a constitutional amendment creating a GST Council to set tax policy and resolve disputes. The amendment includes a transitional compensation mechanism for states and treats petroleum products as zero-rated for an initial transitional period, with later decisions to be made by the Council. Entry tax is brought within GST while tobacco and alcohol are likely excluded. Key implementation details-use of statutory inter-state forms and the administrative structure of tax authorities-remain unresolved pending the final GST legislation. Articles Goods and Services Tax - GST Fri, 19 Dec 2014 12:57:14 +0530 https://www.taxtmi.com/article/detailed?id=5954