https://www.taxtmi.com/manuals?id=1723 A Dual GST framework empowers Centre and States to levy GST concurrently on a common base while the Centre levies an Integrated GST (IGST) on inter State supplies to protect the input tax credit chain. The GST regime is supported by separate CGST, SGST/UTGST, IGST and Compensation statutes, a GST Council to recommend rates and exemptions, electronic administration via GSTN, specified threshold and composition options for small taxpayers, limited cross utilisation of ITC with a prescribed order of utilisation, and periodic settlement mechanisms between the Centre and States based on tax returns. en-us Wed, 09 Aug 2017 18:37:00 +0530 Thu, 24 Jan 2019 10:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1723 A Dual GST framework empowers Centre and States to levy GST concurrently on a common base while the Centre levies an Integrated GST (IGST) on inter State supplies to protect the input tax credit chain. The GST regime is supported by separate CGST, SGST/UTGST, IGST and Compensation statutes, a GST Council to recommend rates and exemptions, electronic administration via GSTN, specified threshold and composition options for small taxpayers, limited cross utilisation of ITC with a prescribed order of utilisation, and periodic settlement mechanisms between the Centre and States based on tax returns. Manuals GST Wed, 09 Aug 2017 18:37:00 +0530 https://www.taxtmi.com/manuals?id=1723