https://www.taxtmi.com/article/detailed?id=6672 GST is charged at each supply stage with registered dealers required to issue tax invoices and collect tax while claiming Input Tax Credit on purchases to offset output tax; final consumers bear the ultimate burden. Registration is mandatory to charge GST or claim credits. Distinctions apply between exempt supplies (no input credit) and zero-rated supplies (refundable GST). Central and State GST operate parallel credit pools with restricted cross-utilisation except under the IGST model for inter-state supplies, supported by PAN-linked identification, periodic returns, and assessment by the collecting authority. en-us Wed, 10 Feb 2016 08:07:32 +0530 Wed, 10 Feb 2016 08:07:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6672 GST is charged at each supply stage with registered dealers required to issue tax invoices and collect tax while claiming Input Tax Credit on purchases to offset output tax; final consumers bear the ultimate burden. Registration is mandatory to charge GST or claim credits. Distinctions apply between exempt supplies (no input credit) and zero-rated supplies (refundable GST). Central and State GST operate parallel credit pools with restricted cross-utilisation except under the IGST model for inter-state supplies, supported by PAN-linked identification, periodic returns, and assessment by the collecting authority. Articles Goods and Services Tax - GST Wed, 10 Feb 2016 08:07:32 +0530 https://www.taxtmi.com/article/detailed?id=6672