https://www.taxtmi.com/article/detailed?id=6284 GST is a comprehensive VAT subsuming multiple central and state levies into IGST for inter state transactions, CGST for central purposes and SGST for state purposes. Implementation requires Central laws for CGST and IGST and State laws for SGST, with procedural changes including separate state registrations and a common threshold. Transitional credit carry forward is anticipated, but input tax credit will be segregated by tax head, while cross utilisation between goods and services is allowed. en-us Fri, 29 May 2015 06:23:36 +0530 Fri, 29 May 2015 06:23:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6284 GST is a comprehensive VAT subsuming multiple central and state levies into IGST for inter state transactions, CGST for central purposes and SGST for state purposes. Implementation requires Central laws for CGST and IGST and State laws for SGST, with procedural changes including separate state registrations and a common threshold. Transitional credit carry forward is anticipated, but input tax credit will be segregated by tax head, while cross utilisation between goods and services is allowed. Articles Goods and Services Tax - GST Fri, 29 May 2015 06:23:36 +0530 https://www.taxtmi.com/article/detailed?id=6284