Cabinet Secretary Shri P.K. Sinha: Goods and Services Tax (GST) is an important milestone in the concept of cooperative federalism where the Centre and the States have come together to address an important national issue of complex indirect tax regime in the country; Successful implementation of GST can lead to this model of cooperative federalism being replicated in other spheres https://www.taxtmi.com/news?id=16887 Goods and Services Tax implementation is presented as a milestone in cooperative federalism, shifting from sectoral tax exemptions toward a system enabling seamless flow of input tax credit and consolidated tax payment. Officials were urged to achieve implementation readiness through intergovernmental coordination and stakeholder engagement, prepare for roll-out, maintain dialogue with affected sectors, and address operational queries in sectors including exports, transport, real estate, railways and airlines. en-us Sat, 19 Nov 2016 18:52:57 +0530 Sat, 19 Nov 2016 18:52:57 +0530 TaxTMI RSS Generator Cabinet Secretary Shri P.K. Sinha: Goods and Services Tax (GST) is an important milestone in the concept of cooperative federalism where the Centre and the States have come together to address an important national issue of complex indirect tax regime in the country; Successful implementation of GST can lead to this model of cooperative federalism being replicated in other spheres https://www.taxtmi.com/news?id=16887 Goods and Services Tax implementation is presented as a milestone in cooperative federalism, shifting from sectoral tax exemptions toward a system enabling seamless flow of input tax credit and consolidated tax payment. Officials were urged to achieve implementation readiness through intergovernmental coordination and stakeholder engagement, prepare for roll-out, maintain dialogue with affected sectors, and address operational queries in sectors including exports, transport, real estate, railways and airlines. News - Sat, 19 Nov 2016 18:52:57 +0530 https://www.taxtmi.com/news?id=16887