https://www.taxtmi.com/article/detailed?id=6052 A dual-structure GST model with separate Central GST (CGST) and State GST (SGST) levies administered by distinct statutes is proposed. Core features such as chargeability, valuation, exemptions, separate accounts and payments, and separate input tax credit ledgers are to be uniform across statutes. Interstate supplies are to be subject to an Integrated GST (IGST) equal to CGST plus SGST, requiring substantive IT infrastructure. The model provides for threshold exemptions with optional registration, a composition scheme, periodic returns, PAN-linked taxpayer identification, zero-rating of exports, taxation of imports, and exclusion of certain commodities from GST. en-us Sat, 07 Feb 2015 11:01:38 +0530 Sat, 07 Feb 2015 11:01:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6052 A dual-structure GST model with separate Central GST (CGST) and State GST (SGST) levies administered by distinct statutes is proposed. Core features such as chargeability, valuation, exemptions, separate accounts and payments, and separate input tax credit ledgers are to be uniform across statutes. Interstate supplies are to be subject to an Integrated GST (IGST) equal to CGST plus SGST, requiring substantive IT infrastructure. The model provides for threshold exemptions with optional registration, a composition scheme, periodic returns, PAN-linked taxpayer identification, zero-rating of exports, taxation of imports, and exclusion of certain commodities from GST. Articles Goods and Services Tax - GST Sat, 07 Feb 2015 11:01:38 +0530 https://www.taxtmi.com/article/detailed?id=6052