https://www.taxtmi.com/article/detailed?id=7225 The Model GST requires State-wise registration where supplies originate, replaces centralized registration, and establishes structured return filings alongside a GSTN-based matching principle that reconciles suppliers' outward and recipients' inward supplies; unrectified mismatches can make recipients liable for differential tax and interest. Input tax credit is available subject to invoice, receipt and payment-to-government conditions, capital goods are eligible if capitalised in accounts, ISD can distribute service credit across registrations, and refunds for unutilised credits (notably for exports/SEZ) follow prescribed procedures with time-bound disposal. en-us Mon, 23 Jan 2017 08:50:27 +0530 Mon, 23 Jan 2017 08:50:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7225 The Model GST requires State-wise registration where supplies originate, replaces centralized registration, and establishes structured return filings alongside a GSTN-based matching principle that reconciles suppliers' outward and recipients' inward supplies; unrectified mismatches can make recipients liable for differential tax and interest. Input tax credit is available subject to invoice, receipt and payment-to-government conditions, capital goods are eligible if capitalised in accounts, ISD can distribute service credit across registrations, and refunds for unutilised credits (notably for exports/SEZ) follow prescribed procedures with time-bound disposal. Articles Goods and Services Tax - GST Mon, 23 Jan 2017 08:50:27 +0530 https://www.taxtmi.com/article/detailed?id=7225