https://www.taxtmi.com/article/detailed?id=6824 Information technology is central to GST administration via a common PAN based ID, a unified return and challan, and a shared portal operated by the GSTN; the GSTN will provide a back end clearing mechanism for inter state tax data and input tax credit settlement, with recommended limits on private institutional shareholding. The framework contemplates an additional central levy on inter state goods supplies assignable to States for a limited period, CGST/SGST cross utilisation rules with IGST facilitation for inter state supplies, transferability of unadjusted input tax credit on business transfers, and temporary compensation to States for revenue loss. en-us Wed, 18 May 2016 05:56:34 +0530 Fri, 10 Jun 2016 22:49:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6824 Information technology is central to GST administration via a common PAN based ID, a unified return and challan, and a shared portal operated by the GSTN; the GSTN will provide a back end clearing mechanism for inter state tax data and input tax credit settlement, with recommended limits on private institutional shareholding. The framework contemplates an additional central levy on inter state goods supplies assignable to States for a limited period, CGST/SGST cross utilisation rules with IGST facilitation for inter state supplies, transferability of unadjusted input tax credit on business transfers, and temporary compensation to States for revenue loss. Articles Goods and Services Tax - GST Wed, 18 May 2016 05:56:34 +0530 https://www.taxtmi.com/article/detailed?id=6824