https://www.taxtmi.com/news?id=18257 Implementation of GST is expected to expand revenue mobilization for north eastern states by supplementing state exchequers and enabling financing of state priorities. The design emphasizes cooperative federal decision making through the GST Council with a specified voting formula and consensus processes. Transitional administrative disruptions are acknowledged as temporary. Exemption thresholds and exempt goods are highlighted so that many small traders and those dealing in specified exempt commodities will neither pay tax nor file returns. en-us Tue, 27 Jun 2017 09:33:17 +0530 Tue, 27 Jun 2017 09:33:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18257 Implementation of GST is expected to expand revenue mobilization for north eastern states by supplementing state exchequers and enabling financing of state priorities. The design emphasizes cooperative federal decision making through the GST Council with a specified voting formula and consensus processes. Transitional administrative disruptions are acknowledged as temporary. Exemption thresholds and exempt goods are highlighted so that many small traders and those dealing in specified exempt commodities will neither pay tax nor file returns. News - Tue, 27 Jun 2017 09:33:17 +0530 https://www.taxtmi.com/news?id=18257