https://www.taxtmi.com/news?id=18408 GST is a dual, destination based consumption tax on supplies of goods and services with intra State supplies attracting Central and State components and inter State supplies attracting Integrated tax; the supplier normally collects GST, reverse charge applies in specific cases, and tax is collected at each stage subject to Input Tax Credit set off. The framework prescribes registration, electronic returns and payments, invoice content rules, transitional rules for carry forward of credits, job work conditions and time limits, and a simplified optional Composition Scheme for eligible small taxpayers that excludes input credit. en-us Mon, 17 Jul 2017 13:27:34 +0530 Mon, 17 Jul 2017 14:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18408 GST is a dual, destination based consumption tax on supplies of goods and services with intra State supplies attracting Central and State components and inter State supplies attracting Integrated tax; the supplier normally collects GST, reverse charge applies in specific cases, and tax is collected at each stage subject to Input Tax Credit set off. The framework prescribes registration, electronic returns and payments, invoice content rules, transitional rules for carry forward of credits, job work conditions and time limits, and a simplified optional Composition Scheme for eligible small taxpayers that excludes input credit. News - Mon, 17 Jul 2017 13:27:34 +0530 https://www.taxtmi.com/news?id=18408