https://www.taxtmi.com/news?id=17664 The Government intends to introduce four statutes constituting a nationwide Goods and Services Tax: central, integrated, union territory and a compensation statute. The package creates the statutory architecture for a unified indirect tax regime and specifies a compensation mechanism for transitional revenue impacts. The bills are to be introduced as money bills, affecting legislative procedure, and aim to enable a single market, simplify compliance, and reduce tax evasion. en-us Thu, 23 Mar 2017 13:20:09 +0530 Thu, 23 Mar 2017 13:20:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17664 The Government intends to introduce four statutes constituting a nationwide Goods and Services Tax: central, integrated, union territory and a compensation statute. The package creates the statutory architecture for a unified indirect tax regime and specifies a compensation mechanism for transitional revenue impacts. The bills are to be introduced as money bills, affecting legislative procedure, and aim to enable a single market, simplify compliance, and reduce tax evasion. News - Thu, 23 Mar 2017 13:20:09 +0530 https://www.taxtmi.com/news?id=17664