https://www.taxtmi.com/article/detailed?id=7288 GST treats anything other than goods as a service and brings goods and services under a unified supply framework. Territorial application covers the entire country. A multi-tier rate structure replaces the prior single service levy, altering tax incidence and pricing; threshold exemptions for registration are raised with special lower limits for designated hilly and northeastern States. GST specifies supply classifications to prevent double taxation, defines taxable persons by aggregate turnover, and limits composition scheme availability-excluding supply of services from composition-thereby aiming to reduce disputes and cascading taxation. en-us Mon, 20 Feb 2017 21:51:07 +0530 Mon, 20 Feb 2017 21:51:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7288 GST treats anything other than goods as a service and brings goods and services under a unified supply framework. Territorial application covers the entire country. A multi-tier rate structure replaces the prior single service levy, altering tax incidence and pricing; threshold exemptions for registration are raised with special lower limits for designated hilly and northeastern States. GST specifies supply classifications to prevent double taxation, defines taxable persons by aggregate turnover, and limits composition scheme availability-excluding supply of services from composition-thereby aiming to reduce disputes and cascading taxation. Articles Goods and Services Tax - GST Mon, 20 Feb 2017 21:51:07 +0530 https://www.taxtmi.com/article/detailed?id=7288