https://www.taxtmi.com/news?id=17932 Goods and Services Tax creates a destination based consumption tax on supply of goods and services with a dual GST structure: CGST and SGST/UTGST for intra State supplies and IGST for inter State and imports; it permits input tax credit across the value chain, zero rates exports, subsumes most indirect levies, provides threshold and composition options for small taxpayers, mandates electronic registration/returns/payments via the GSTN, and establishes a GST Council, refund rules, adjudication timelines, and an expanded advance ruling mechanism. en-us Tue, 25 Apr 2017 16:05:31 +0530 Tue, 25 Apr 2017 16:05:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17932 Goods and Services Tax creates a destination based consumption tax on supply of goods and services with a dual GST structure: CGST and SGST/UTGST for intra State supplies and IGST for inter State and imports; it permits input tax credit across the value chain, zero rates exports, subsumes most indirect levies, provides threshold and composition options for small taxpayers, mandates electronic registration/returns/payments via the GSTN, and establishes a GST Council, refund rules, adjudication timelines, and an expanded advance ruling mechanism. News - Tue, 25 Apr 2017 16:05:31 +0530 https://www.taxtmi.com/news?id=17932