https://www.taxtmi.com/article/detailed?id=6626 GST is a national consumption-based value added tax designed to consolidate multiple central and state indirect levies into a single tax on supplies of goods and services, shift incidence to the point of sale (destination principle), and permit seamless input tax credit across the supply chain so the final consumer bears the tax. The note lists taxes likely to be subsumed and those likely to remain outside GST and contemplates exemptions or negative lists within the unified framework. en-us Tue, 12 Jan 2016 10:30:50 +0530 Tue, 12 Jan 2016 10:30:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6626 GST is a national consumption-based value added tax designed to consolidate multiple central and state indirect levies into a single tax on supplies of goods and services, shift incidence to the point of sale (destination principle), and permit seamless input tax credit across the supply chain so the final consumer bears the tax. The note lists taxes likely to be subsumed and those likely to remain outside GST and contemplates exemptions or negative lists within the unified framework. Articles Goods and Services Tax - GST Tue, 12 Jan 2016 10:30:50 +0530 https://www.taxtmi.com/article/detailed?id=6626