https://www.taxtmi.com/news?id=17635 The Cabinet approved four GST bills creating a unified indirect tax framework: CGST for intra state supplies by the Centre, IGST for inter state supplies by the Centre, UTGST for intra Union Territory supplies, and a Compensation Bill providing five years of compensation to states for revenue loss arising from GST implementation, all intended to subsume multiple taxes, reduce cascading taxation, and promote a common national market under the principle of One Nation, One Tax. en-us Mon, 20 Mar 2017 15:41:11 +0530 Wed, 11 Feb 2026 15:56:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17635 The Cabinet approved four GST bills creating a unified indirect tax framework: CGST for intra state supplies by the Centre, IGST for inter state supplies by the Centre, UTGST for intra Union Territory supplies, and a Compensation Bill providing five years of compensation to states for revenue loss arising from GST implementation, all intended to subsume multiple taxes, reduce cascading taxation, and promote a common national market under the principle of One Nation, One Tax. News - Mon, 20 Mar 2017 15:41:11 +0530 https://www.taxtmi.com/news?id=17635