https://www.taxtmi.com/article/detailed?id=7344 Central enactments establish the statutory framework for Goods and Services Tax-CGST, IGST, UT GST and a Compensation Fund-while corresponding State SGST statutes are required for an all India simultaneous roll out. The GST Council must finalise rate fitment, exemptions, procedural rules and a common switch over date, and the architecture contemplates an enabling peak rate with an overlying compensatory cess, self assessment, reverse charge on imported services, e commerce collection duties and provisional compensation to States. en-us Wed, 29 Mar 2017 05:57:45 +0530 Wed, 29 Mar 2017 05:57:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7344 Central enactments establish the statutory framework for Goods and Services Tax-CGST, IGST, UT GST and a Compensation Fund-while corresponding State SGST statutes are required for an all India simultaneous roll out. The GST Council must finalise rate fitment, exemptions, procedural rules and a common switch over date, and the architecture contemplates an enabling peak rate with an overlying compensatory cess, self assessment, reverse charge on imported services, e commerce collection duties and provisional compensation to States. Articles Goods and Services Tax - GST Wed, 29 Mar 2017 05:57:45 +0530 https://www.taxtmi.com/article/detailed?id=7344