https://www.taxtmi.com/news?id=18718 India's unified GST produced substantial initial July receipts concentrated among about two-thirds of registered taxpayers, comprising CGST, SGST, IGST and a compensation cess. IGST receipts include import-related revenue and will be apportioned between Centre and states according to where tax liability arises; many businesses used IGST credit claims affecting net CGST and SGST. The article notes filing deadlines, an extended window for transitional credit claimants, a nominal per day late payment charge, and a compensation mechanism to protect state revenues against specified shortfalls. en-us Wed, 30 Aug 2017 11:56:12 +0530 Wed, 30 Aug 2017 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18718 India's unified GST produced substantial initial July receipts concentrated among about two-thirds of registered taxpayers, comprising CGST, SGST, IGST and a compensation cess. IGST receipts include import-related revenue and will be apportioned between Centre and states according to where tax liability arises; many businesses used IGST credit claims affecting net CGST and SGST. The article notes filing deadlines, an extended window for transitional credit claimants, a nominal per day late payment charge, and a compensation mechanism to protect state revenues against specified shortfalls. News - Wed, 30 Aug 2017 11:56:12 +0530 https://www.taxtmi.com/news?id=18718