https://www.taxtmi.com/article/detailed?id=6945 Goods and Services Tax consolidates central and state indirect levies into a unified framework and distinguishes between integrated and intra state levies. Supply is broadly defined to include transfers, leases, agency and aggregator services and certain non consideration transactions; classification as goods or services depends on ownership transfer, permanence, and the nature of the item (movable, immovable, intangible, or software). The draft model lists exemptions for essential consumption, textiles, residential renting, education and healthcare and contemplates a small supplier registration threshold, subject to formal notification. en-us Sat, 20 Aug 2016 08:14:11 +0530 Sat, 20 Aug 2016 09:38:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6945 Goods and Services Tax consolidates central and state indirect levies into a unified framework and distinguishes between integrated and intra state levies. Supply is broadly defined to include transfers, leases, agency and aggregator services and certain non consideration transactions; classification as goods or services depends on ownership transfer, permanence, and the nature of the item (movable, immovable, intangible, or software). The draft model lists exemptions for essential consumption, textiles, residential renting, education and healthcare and contemplates a small supplier registration threshold, subject to formal notification. Articles Goods and Services Tax - GST Sat, 20 Aug 2016 08:14:11 +0530 https://www.taxtmi.com/article/detailed?id=6945