https://www.taxtmi.com/article/detailed?id=7376 The Central Goods and Services Tax Act, 2017 creates a central levy on intra state supplies within a dual GST framework, subsuming multiple central and state indirect taxes into a value added regime with seamless input tax credit. It furnishes administrative powers for assessment, audit, inspection, seizure and recovery, prescribes self assessment, tax collection at source for electronic commerce operators, an anti profiteering measure, an appellate tribunal, and detailed transitional provisions and schedules. The Act's territorial extension excludes Jammu & Kashmir until the State assents; commencement and phased applicability are to be notified. en-us Wed, 19 Apr 2017 06:49:16 +0530 Wed, 19 Apr 2017 06:49:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7376 The Central Goods and Services Tax Act, 2017 creates a central levy on intra state supplies within a dual GST framework, subsuming multiple central and state indirect taxes into a value added regime with seamless input tax credit. It furnishes administrative powers for assessment, audit, inspection, seizure and recovery, prescribes self assessment, tax collection at source for electronic commerce operators, an anti profiteering measure, an appellate tribunal, and detailed transitional provisions and schedules. The Act's territorial extension excludes Jammu & Kashmir until the State assents; commencement and phased applicability are to be notified. Articles Goods and Services Tax - GST Wed, 19 Apr 2017 06:49:16 +0530 https://www.taxtmi.com/article/detailed?id=7376