https://www.taxtmi.com/article/detailed?id=7453 Implementation of the Goods and Services Tax centred on finalising rate fitment, transition arrangements for input tax credit, and administrative measures for rollout. The Council assigned multiple GST slabs across goods, increased deemed credit on closing stock from 40% to 60% for higher-slab goods with full credit where high-value items are identifiable, and planned rules for e-way bills and an anti-profiteering committee. Some States had yet to enact enabling laws and further Council meetings were scheduled to refine rates and procedural rules. en-us Sat, 10 Jun 2017 05:38:58 +0530 Sat, 10 Jun 2017 05:38:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7453 Implementation of the Goods and Services Tax centred on finalising rate fitment, transition arrangements for input tax credit, and administrative measures for rollout. The Council assigned multiple GST slabs across goods, increased deemed credit on closing stock from 40% to 60% for higher-slab goods with full credit where high-value items are identifiable, and planned rules for e-way bills and an anti-profiteering committee. Some States had yet to enact enabling laws and further Council meetings were scheduled to refine rates and procedural rules. Articles Goods and Services Tax - GST Sat, 10 Jun 2017 05:38:58 +0530 https://www.taxtmi.com/article/detailed?id=7453