https://www.taxtmi.com/article/detailed?id=7171 GST brings all service rendition within the supply-based tax net across India, replaces single service tax with a multi tier rate structure raising service costs, and removes centralized registration by requiring registration in each State of supply. It eliminates much double taxation between services and goods, sets turnover thresholds and a composition option for small suppliers, prescribes transaction-value-based valuation with specified inclusions and exclusions, mandates periodic GST returns by category, and provides a two year refund claim window with expedited provisional relief for exporters and a statutory disposal timeline. en-us Sat, 31 Dec 2016 11:29:14 +0530 Sat, 31 Dec 2016 11:29:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7171 GST brings all service rendition within the supply-based tax net across India, replaces single service tax with a multi tier rate structure raising service costs, and removes centralized registration by requiring registration in each State of supply. It eliminates much double taxation between services and goods, sets turnover thresholds and a composition option for small suppliers, prescribes transaction-value-based valuation with specified inclusions and exclusions, mandates periodic GST returns by category, and provides a two year refund claim window with expedited provisional relief for exporters and a statutory disposal timeline. Articles Goods and Services Tax - GST Sat, 31 Dec 2016 11:29:14 +0530 https://www.taxtmi.com/article/detailed?id=7171