https://www.taxtmi.com/news?id=16261 The Model GST Act creates a unified indirect tax structure for supplies of goods and services, defining supply, prescribing levy and collection of CGST/SGST/IGST, time of supply and valuation rules, registration and invoicing requirements, electronic ledgers, and periodic returns. It establishes the Input Tax Credit regime with eligibility limits and transitional provisions, refund and audit procedures, assessment and recovery processes, offences and penalties, appeal and advance ruling mechanisms, a Settlement Commission for voluntary settlement, and specific provisions for electronic commerce and tax collection at source. en-us Tue, 14 Jun 2016 16:45:51 +0530 Wed, 11 Feb 2026 15:56:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16261 The Model GST Act creates a unified indirect tax structure for supplies of goods and services, defining supply, prescribing levy and collection of CGST/SGST/IGST, time of supply and valuation rules, registration and invoicing requirements, electronic ledgers, and periodic returns. It establishes the Input Tax Credit regime with eligibility limits and transitional provisions, refund and audit procedures, assessment and recovery processes, offences and penalties, appeal and advance ruling mechanisms, a Settlement Commission for voluntary settlement, and specific provisions for electronic commerce and tax collection at source. News - Tue, 14 Jun 2016 16:45:51 +0530 https://www.taxtmi.com/news?id=16261