https://www.taxtmi.com/article/detailed?id=6343 The GST is a comprehensive value added tax with a Dual GST structure-separate Central and State components collected into distinct accounts-applicable to taxable supplies subject to exemptions and thresholds. It is destination based and uses the Invoice Credit Method, permitting input tax credit on intermediate purchases so that tax ultimately adheres to final consumption in the consuming State, with uniform collection procedures and coordinated administration envisaged between Centre and States. en-us Fri, 17 Jul 2015 10:07:27 +0530 Fri, 17 Jul 2015 10:07:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6343 The GST is a comprehensive value added tax with a Dual GST structure-separate Central and State components collected into distinct accounts-applicable to taxable supplies subject to exemptions and thresholds. It is destination based and uses the Invoice Credit Method, permitting input tax credit on intermediate purchases so that tax ultimately adheres to final consumption in the consuming State, with uniform collection procedures and coordinated administration envisaged between Centre and States. Articles Goods and Services Tax - GST Fri, 17 Jul 2015 10:07:27 +0530 https://www.taxtmi.com/article/detailed?id=6343