https://www.taxtmi.com/article/detailed?id=6631 The GST model establishes a dual GST structure with separate Central and State GST statutes, distinct accounting and receipts to respective governments, PAN-linked taxpayer identification, and aligned but separate return and refund procedures. Input tax credit must be maintained and utilized separately for CGST and SGST, with cross-utilisation allowed only under the inter-state IGST mechanism for inter-state supplies. Taxpayers are required to keep segregated records for utilisation and refund, and administration, assessment and enforcement are to be carried out by the collecting authority with information sharing between Centre and States. en-us Thu, 14 Jan 2016 11:16:14 +0530 Thu, 14 Jan 2016 11:16:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6631 The GST model establishes a dual GST structure with separate Central and State GST statutes, distinct accounting and receipts to respective governments, PAN-linked taxpayer identification, and aligned but separate return and refund procedures. Input tax credit must be maintained and utilized separately for CGST and SGST, with cross-utilisation allowed only under the inter-state IGST mechanism for inter-state supplies. Taxpayers are required to keep segregated records for utilisation and refund, and administration, assessment and enforcement are to be carried out by the collecting authority with information sharing between Centre and States. Articles Goods and Services Tax - GST Thu, 14 Jan 2016 11:16:14 +0530 https://www.taxtmi.com/article/detailed?id=6631