https://www.taxtmi.com/article/detailed?id=6745 The Amendment grants concurrent legislative power for a unified Goods and Services Tax (GST), enabling simultaneous Central and State GST on intra state supplies and exclusive central levy of Integrated GST on inter state supplies, with parliamentary law governing IGST apportionment and seamless input tax credit flow. It constitutionally establishes a GST Council to recommend taxable/exempt supplies, model laws, thresholds, rates, apportionment and place of supply principles, dispute resolution modalities, and transitional measures including compensation to States and limited additional central tax assignment. en-us Tue, 15 Mar 2016 13:53:56 +0530 Tue, 15 Mar 2016 13:53:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6745 The Amendment grants concurrent legislative power for a unified Goods and Services Tax (GST), enabling simultaneous Central and State GST on intra state supplies and exclusive central levy of Integrated GST on inter state supplies, with parliamentary law governing IGST apportionment and seamless input tax credit flow. It constitutionally establishes a GST Council to recommend taxable/exempt supplies, model laws, thresholds, rates, apportionment and place of supply principles, dispute resolution modalities, and transitional measures including compensation to States and limited additional central tax assignment. Articles Goods and Services Tax - GST Tue, 15 Mar 2016 13:53:56 +0530 https://www.taxtmi.com/article/detailed?id=6745