https://www.taxtmi.com/news?id=14792 Both the Union and States will simultaneously levy tax on every supply, with the Centre collecting Central GST and States collecting State GST for intra state transactions; the Centre will collect Integrated GST on inter state supplies and its proceeds will be apportioned between Centre and States under a statutory mechanism based on GST Council recommendations, and Central GST plus the Union's apportioned IGST share will be devolved to States under the constitutional fiscal devolution framework. en-us Fri, 31 Jul 2015 17:08:08 +0530 Fri, 31 Jul 2015 17:08:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14792 Both the Union and States will simultaneously levy tax on every supply, with the Centre collecting Central GST and States collecting State GST for intra state transactions; the Centre will collect Integrated GST on inter state supplies and its proceeds will be apportioned between Centre and States under a statutory mechanism based on GST Council recommendations, and Central GST plus the Union's apportioned IGST share will be devolved to States under the constitutional fiscal devolution framework. News - Fri, 31 Jul 2015 17:08:08 +0530 https://www.taxtmi.com/news?id=14792