https://www.taxtmi.com/news?id=17809 Goods and Services Tax establishes a unified, supply-based indirect tax regime replacing multiple central and state levies, with concurrent Centre-State jurisdiction under the Constitution amendment and an institutional GST Council to recommend rates, exemptions and model laws. The IGST/CGST/SGST architecture governs inter-state and intra-state supplies; ITC is allowed subject to documentary, matching and time-limit conditions; PAN-based registration per State with deemed timelines; and electronic returns, payments and refunds are required via a common IT portal. en-us Fri, 07 Apr 2017 12:04:07 +0530 Wed, 11 Feb 2026 15:56:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17809 Goods and Services Tax establishes a unified, supply-based indirect tax regime replacing multiple central and state levies, with concurrent Centre-State jurisdiction under the Constitution amendment and an institutional GST Council to recommend rates, exemptions and model laws. The IGST/CGST/SGST architecture governs inter-state and intra-state supplies; ITC is allowed subject to documentary, matching and time-limit conditions; PAN-based registration per State with deemed timelines; and electronic returns, payments and refunds are required via a common IT portal. News - Fri, 07 Apr 2017 12:04:07 +0530 https://www.taxtmi.com/news?id=17809