https://www.taxtmi.com/article/detailed?id=6775 A dual Goods and Services Tax regime is proposed where Centre and States levy GST within their domains, the Centre alone levies tax on inter state supplies with apportionment per GST Council recommendations, and the Central government frames place of supply rules and exemption powers; a transitional additional tax on inter state goods is envisaged, and the Select Committee recommended defining rate "bands", protecting local body revenues, limiting non government GSTN shareholding, ensuring state IT readiness, maintaining Council voting patterns, and providing fixed period revenue compensation to States. en-us Sat, 09 Apr 2016 07:25:25 +0530 Sat, 09 Apr 2016 07:25:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6775 A dual Goods and Services Tax regime is proposed where Centre and States levy GST within their domains, the Centre alone levies tax on inter state supplies with apportionment per GST Council recommendations, and the Central government frames place of supply rules and exemption powers; a transitional additional tax on inter state goods is envisaged, and the Select Committee recommended defining rate "bands", protecting local body revenues, limiting non government GSTN shareholding, ensuring state IT readiness, maintaining Council voting patterns, and providing fixed period revenue compensation to States. Articles Goods and Services Tax - GST Sat, 09 Apr 2016 07:25:25 +0530 https://www.taxtmi.com/article/detailed?id=6775