https://www.taxtmi.com/news?id=15353 The Report recommends a dual GST-CGST and SGST-levied concurrently on an identical consumption base under the destination principle, with liabilities computed by the invoice credit method, separate accounting and no cross utilisation of input tax credits, full immediate credit for capital goods, narrow negative list exemptions, specified treatment of SIN goods by dual GST and excise, uniform small dealer threshold exemption (Rs.10 lakh) with an optional composition levy, and inter state trade managed through a Modified Bank Model with a nodal bank and Form GST I for consolidated electronic payment and transaction reporting. en-us Thu, 17 Dec 2015 12:42:33 +0530 Wed, 11 Feb 2026 15:56:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15353 The Report recommends a dual GST-CGST and SGST-levied concurrently on an identical consumption base under the destination principle, with liabilities computed by the invoice credit method, separate accounting and no cross utilisation of input tax credits, full immediate credit for capital goods, narrow negative list exemptions, specified treatment of SIN goods by dual GST and excise, uniform small dealer threshold exemption (Rs.10 lakh) with an optional composition levy, and inter state trade managed through a Modified Bank Model with a nodal bank and Form GST I for consolidated electronic payment and transaction reporting. News - Thu, 17 Dec 2015 12:42:33 +0530 https://www.taxtmi.com/news?id=15353