https://www.taxtmi.com/news?id=16783 The text describes unresolved allocation of assessees under GST, contrasting a horizontal allocation with a turnover threshold and a vertical allocation without a threshold; it mandates drafting of supplementary CGST, SGST, IGST and compensation legislation, confirms identical combined rates split between Centre and states, and explains that the IGST mechanism will ensure seamless input tax credit flow across states while a multi rate slab and a cess on luxury and sin goods were agreed in principle. en-us Fri, 04 Nov 2016 18:53:38 +0530 Fri, 04 Nov 2016 18:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16783 The text describes unresolved allocation of assessees under GST, contrasting a horizontal allocation with a turnover threshold and a vertical allocation without a threshold; it mandates drafting of supplementary CGST, SGST, IGST and compensation legislation, confirms identical combined rates split between Centre and states, and explains that the IGST mechanism will ensure seamless input tax credit flow across states while a multi rate slab and a cess on luxury and sin goods were agreed in principle. News - Fri, 04 Nov 2016 18:53:38 +0530 https://www.taxtmi.com/news?id=16783