https://www.taxtmi.com/news?id=19383 GST is a destination based, value added indirect tax adopting a dual model of CGST and SGST for intra State supplies and IGST for inter State supplies, relying on input tax credit to eliminate cascading. Key governance and policy functions reside with the GST Council; administration is IT enabled through GSTN for registration, invoice upload, return filing, payment, IGST settlement and ITC matching. The law prescribes registration thresholds and categories, composition and reverse charge regimes, time bound ITC entitlement and automated reconciliation and adjustment mechanisms, alongside transitional rules for migration from legacy taxes. en-us Thu, 18 Jan 2018 13:28:04 +0530 Thu, 18 Jan 2018 15:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19383 GST is a destination based, value added indirect tax adopting a dual model of CGST and SGST for intra State supplies and IGST for inter State supplies, relying on input tax credit to eliminate cascading. Key governance and policy functions reside with the GST Council; administration is IT enabled through GSTN for registration, invoice upload, return filing, payment, IGST settlement and ITC matching. The law prescribes registration thresholds and categories, composition and reverse charge regimes, time bound ITC entitlement and automated reconciliation and adjustment mechanisms, alongside transitional rules for migration from legacy taxes. News - Thu, 18 Jan 2018 13:28:04 +0530 https://www.taxtmi.com/news?id=19383