https://www.taxtmi.com/article/detailed?id=6370 The Bill proposed a centre levied additional tax on inter state supplies assigned to origin states for a transitional period; the Committee criticised this as market distorting and proposed clarifying "supply" or alternative revenue sharing. The Committee recommended 100% compensation to states for five years through a GST Compensation Fund. Coverage disputes include exclusion of alcoholic liquor and petroleum, taxation of tobacco, and differing positions on bringing tobacco, alcohol and electricity into GST. The Bill creates a GST Council with specified functions and a weighted voting scheme; dissenters sought voting and institutional changes and a disputes authority. en-us Wed, 05 Aug 2015 06:28:32 +0530 Wed, 05 Aug 2015 11:02:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6370 The Bill proposed a centre levied additional tax on inter state supplies assigned to origin states for a transitional period; the Committee criticised this as market distorting and proposed clarifying "supply" or alternative revenue sharing. The Committee recommended 100% compensation to states for five years through a GST Compensation Fund. Coverage disputes include exclusion of alcoholic liquor and petroleum, taxation of tobacco, and differing positions on bringing tobacco, alcohol and electricity into GST. The Bill creates a GST Council with specified functions and a weighted voting scheme; dissenters sought voting and institutional changes and a disputes authority. Articles Goods and Services Tax - GST Wed, 05 Aug 2015 06:28:32 +0530 https://www.taxtmi.com/article/detailed?id=6370