https://www.taxtmi.com/article/detailed?id=7319 The council-approved drafts set a unified Goods and Services Tax architecture requiring central and state enactments, and establish compliance and transitional mechanisms including temporary payment of tax in monthly installments with interest and officer approval, state jurisdiction over territorial waters treated as inter state supplies, a capped tax collection at source on e commerce, single state registration and return, a composition scheme for small taxpayers, provisional export refunds, and cross utilisation of Input Tax Credit across central and state levies under a prescribed order. en-us Wed, 15 Mar 2017 12:10:08 +0530 Wed, 15 Mar 2017 12:10:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7319 The council-approved drafts set a unified Goods and Services Tax architecture requiring central and state enactments, and establish compliance and transitional mechanisms including temporary payment of tax in monthly installments with interest and officer approval, state jurisdiction over territorial waters treated as inter state supplies, a capped tax collection at source on e commerce, single state registration and return, a composition scheme for small taxpayers, provisional export refunds, and cross utilisation of Input Tax Credit across central and state levies under a prescribed order. Articles Goods and Services Tax - GST Wed, 15 Mar 2017 12:10:08 +0530 https://www.taxtmi.com/article/detailed?id=7319