https://www.taxtmi.com/article/detailed?id=6053 The paper sets out a destination based comprehensive tax on supplies of goods and services implemented through a Dual GST model: concurrent central and state levies (CGST and SGST) on intra state supplies, an IGST mechanism for inter state transactions, full input tax credit through the supply chain, prohibition of cross utilisation between CGST and SGST except via IGST, and taxation of imports with revenue accruing to the consuming state, together with threshold exemptions, a composition scheme, PAN linked identification and draft legislation preparation by a joint working group. en-us Sat, 07 Feb 2015 11:01:40 +0530 Sat, 07 Feb 2015 11:01:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6053 The paper sets out a destination based comprehensive tax on supplies of goods and services implemented through a Dual GST model: concurrent central and state levies (CGST and SGST) on intra state supplies, an IGST mechanism for inter state transactions, full input tax credit through the supply chain, prohibition of cross utilisation between CGST and SGST except via IGST, and taxation of imports with revenue accruing to the consuming state, together with threshold exemptions, a composition scheme, PAN linked identification and draft legislation preparation by a joint working group. Articles Goods and Services Tax - GST Sat, 07 Feb 2015 11:01:40 +0530 https://www.taxtmi.com/article/detailed?id=6053