Goods and Services Tax GST) Council approves the Central Goods and Services Tax (CGST) Bill and the Integrated Goods and Services Tax (IGST) Bill

Goods and Services Tax GST) Council approves the Central Goods and Services Tax (CGST) Bill and the Integrated Goods and Services Tax (IGST) Bill https://www.taxtmi.com/news?id=17540 The GST Council approved draft CGST and IGST Bills establishing state wise single registration, a single state wise return for all supplies, online compliance, registration thresholds with a composition scheme for small taxpayers, cross utilisable Input Tax Credit between CGST/SGST/UTGST and IGST, retention of Input Service Distributor for services, expedited provisional refunds for exporters, advance rulings, transitional provisions for migration and unutilised ITC, anti profiteering measures, and powers for joint administrative exercise by Centre and States. en-us Sat, 04 Mar 2017 18:50:16 +0530 Sat, 04 Mar 2017 18:50:16 +0530 TaxTMI RSS Generator Goods and Services Tax GST) Council approves the Central Goods and Services Tax (CGST) Bill and the Integrated Goods and Services Tax (IGST) Bill https://www.taxtmi.com/news?id=17540 The GST Council approved draft CGST and IGST Bills establishing state wise single registration, a single state wise return for all supplies, online compliance, registration thresholds with a composition scheme for small taxpayers, cross utilisable Input Tax Credit between CGST/SGST/UTGST and IGST, retention of Input Service Distributor for services, expedited provisional refunds for exporters, advance rulings, transitional provisions for migration and unutilised ITC, anti profiteering measures, and powers for joint administrative exercise by Centre and States. News - Sat, 04 Mar 2017 18:50:16 +0530 https://www.taxtmi.com/news?id=17540