https://www.taxtmi.com/article/detailed?id=6861 GST is a comprehensive tax on the supply of goods or services or both, payable as CGST/SGST on intra state supplies by every taxable person, with notified classes liable under reverse charge. A voluntary compound levy is available to eligible assessees who do not make inter state supplies, requires uniform election across registrations, forbids recipient collection and input credit, and will be set at a prescribed minimum rate. The Act defines taxable persons and mandatory registration categories, sets turnover thresholds for other suppliers, permits exemptions, and allows remission for quantity deficiencies due to natural causes. en-us Fri, 17 Jun 2016 08:38:46 +0530 Fri, 17 Jun 2016 08:38:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6861 GST is a comprehensive tax on the supply of goods or services or both, payable as CGST/SGST on intra state supplies by every taxable person, with notified classes liable under reverse charge. A voluntary compound levy is available to eligible assessees who do not make inter state supplies, requires uniform election across registrations, forbids recipient collection and input credit, and will be set at a prescribed minimum rate. The Act defines taxable persons and mandatory registration categories, sets turnover thresholds for other suppliers, permits exemptions, and allows remission for quantity deficiencies due to natural causes. Articles Goods and Services Tax - GST Fri, 17 Jun 2016 08:38:46 +0530 https://www.taxtmi.com/article/detailed?id=6861