https://www.taxtmi.com/article/detailed?id=5979 The amendment defines goods, services and goods and services tax, contemplates parliamentary provision for limited period revenue compensation on recommendation of a consultative body, and establishes a dual levy with central collection and apportionment for inter state supplies as an Integrated GST with parliamentary place of supply rule making. It provides for a temporary additional inter state goods tax assigned to state of origin, subsumes specified central and state indirect taxes into GST while excluding certain petroleum items and alcoholic liquor for human consumption, and outlines transitional compensation and implementation challenges. en-us Tue, 30 Dec 2014 06:37:52 +0530 Wed, 04 Feb 2015 18:59:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5979 The amendment defines goods, services and goods and services tax, contemplates parliamentary provision for limited period revenue compensation on recommendation of a consultative body, and establishes a dual levy with central collection and apportionment for inter state supplies as an Integrated GST with parliamentary place of supply rule making. It provides for a temporary additional inter state goods tax assigned to state of origin, subsumes specified central and state indirect taxes into GST while excluding certain petroleum items and alcoholic liquor for human consumption, and outlines transitional compensation and implementation challenges. Articles Goods and Services Tax - GST Tue, 30 Dec 2014 06:37:52 +0530 https://www.taxtmi.com/article/detailed?id=5979