https://www.taxtmi.com/news?id=16469 The document describes an integrated, destination-based Goods and Services Tax (GST) replacing multiple central and state indirect taxes, implemented through a dual administrative model with CGST and SGST on intra-state supplies and IGST on inter-state supplies. It emphasises elimination of tax cascading via Input Tax Credit, centralised online compliance through the GSTN, PAN-based registration and GSTIN issuance, risk-based verification, consolidated electronic returns and payments, and governance via a GST Council to recommend rates, exemptions and transition measures. en-us Wed, 03 Aug 2016 22:16:18 +0530 Wed, 10 Aug 2016 15:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16469 The document describes an integrated, destination-based Goods and Services Tax (GST) replacing multiple central and state indirect taxes, implemented through a dual administrative model with CGST and SGST on intra-state supplies and IGST on inter-state supplies. It emphasises elimination of tax cascading via Input Tax Credit, centralised online compliance through the GSTN, PAN-based registration and GSTIN issuance, risk-based verification, consolidated electronic returns and payments, and governance via a GST Council to recommend rates, exemptions and transition measures. News - Wed, 03 Aug 2016 22:16:18 +0530 https://www.taxtmi.com/news?id=16469