https://www.taxtmi.com/article/detailed?id=6783 A constitutional amendment is required to empower concurrent Centre and State taxation over supply of goods and services, enabling a dual GST structure: CGST and SGST for intra state supplies and IGST for inter state supplies, with IGST proceeds apportioned among States. GST aims to remove cascading through seamless input tax credit, simplify compliance, and broaden the tax base. GST is destination based; liability for CGST/SGST arises at the time of supply-goods on removal/payment/invoice/receipt and services on invoice/payment/recipient acknowledgment-posing reconciliation challenges. en-us Sat, 16 Apr 2016 10:37:30 +0530 Sat, 16 Apr 2016 10:37:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6783 A constitutional amendment is required to empower concurrent Centre and State taxation over supply of goods and services, enabling a dual GST structure: CGST and SGST for intra state supplies and IGST for inter state supplies, with IGST proceeds apportioned among States. GST aims to remove cascading through seamless input tax credit, simplify compliance, and broaden the tax base. GST is destination based; liability for CGST/SGST arises at the time of supply-goods on removal/payment/invoice/receipt and services on invoice/payment/recipient acknowledgment-posing reconciliation challenges. Articles Goods and Services Tax - GST Sat, 16 Apr 2016 10:37:30 +0530 https://www.taxtmi.com/article/detailed?id=6783