https://www.taxtmi.com/article/detailed?id=6617 Concurrent Dual GST would have both Centre and States concurrently levy GST on goods and services, with Central and State GSTs subsuming existing indirect taxes, enabling input credits to reduce cascading, preserving fiscal autonomy while promoting harmonisation. The Non-concurrent alternative assigns goods taxation to States and services taxation to the Centre with reciprocal input-credit arrangements and revenue transfers to eliminate cascading, but faces constitutional limits on State taxation of inter state goods and political acceptance issues; the Government has indicated a preference for the concurrent model. en-us Thu, 07 Jan 2016 11:01:39 +0530 Thu, 07 Jan 2016 11:01:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6617 Concurrent Dual GST would have both Centre and States concurrently levy GST on goods and services, with Central and State GSTs subsuming existing indirect taxes, enabling input credits to reduce cascading, preserving fiscal autonomy while promoting harmonisation. The Non-concurrent alternative assigns goods taxation to States and services taxation to the Centre with reciprocal input-credit arrangements and revenue transfers to eliminate cascading, but faces constitutional limits on State taxation of inter state goods and political acceptance issues; the Government has indicated a preference for the concurrent model. Articles Goods and Services Tax - GST Thu, 07 Jan 2016 11:01:39 +0530 https://www.taxtmi.com/article/detailed?id=6617