https://www.taxtmi.com/news?id=17251 Goods and Services Tax creates a unified indirect tax replacing multiple levies to form a single market, simplify compliance, and broaden access to input tax credit; it operates as a single tax with streamlined payment methods and includes an interim Integrated GST for cross-border supplies while implementation issues such as jurisdictional allocation remain to be resolved by the GST Council, which has also provided for a multi-tier rate architecture and a targeted cess on specified goods. en-us Wed, 11 Jan 2017 12:08:23 +0530 Wed, 11 Jan 2017 12:08:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17251 Goods and Services Tax creates a unified indirect tax replacing multiple levies to form a single market, simplify compliance, and broaden access to input tax credit; it operates as a single tax with streamlined payment methods and includes an interim Integrated GST for cross-border supplies while implementation issues such as jurisdictional allocation remain to be resolved by the GST Council, which has also provided for a multi-tier rate architecture and a targeted cess on specified goods. News - Wed, 11 Jan 2017 12:08:23 +0530 https://www.taxtmi.com/news?id=17251