https://www.taxtmi.com/article/detailed?id=6926 The constitutional amendment mandates central compensation to states for GST-related revenue loss by replacing permissive wording with a mandatory parliamentary duty, removes the additional origin-based levy previously proposed, leaves no constitutional cap on GST rates so rates will be set through GST Council recommendations and implementing GST statutes, and assigns the GST Council a central role in recommending rates and adjudicating intergovernmental disputes while leaving adjudication of small assessees and other operational details to Council recommendations and subsequent subordinate legislation. en-us Wed, 10 Aug 2016 09:21:06 +0530 Wed, 10 Aug 2016 09:21:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6926 The constitutional amendment mandates central compensation to states for GST-related revenue loss by replacing permissive wording with a mandatory parliamentary duty, removes the additional origin-based levy previously proposed, leaves no constitutional cap on GST rates so rates will be set through GST Council recommendations and implementing GST statutes, and assigns the GST Council a central role in recommending rates and adjudicating intergovernmental disputes while leaving adjudication of small assessees and other operational details to Council recommendations and subsequent subordinate legislation. Articles Goods and Services Tax - GST Wed, 10 Aug 2016 09:21:06 +0530 https://www.taxtmi.com/article/detailed?id=6926