https://www.taxtmi.com/news?id=19684 The document describes a destination based dual GST system where the Centre and States concurrently levy GST on a common base, the Centre levies IGST on inter state supplies and imports to maintain the credit chain, and the Goods and Services Tax Council, with a specified voting structure, harmonizes rates, exemptions and procedures. It sets out Input Tax Credit rules preventing cross utilisation of CGST and SGST except via IGST, threshold exemption and composition schemes for small taxpayers, electronic return filing, anti profiteering measures, transitional provisions and institutional arrangements including GSTN and appellate mechanisms. en-us Mon, 05 Mar 2018 11:32:00 +0530 Mon, 05 Mar 2018 13:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19684 The document describes a destination based dual GST system where the Centre and States concurrently levy GST on a common base, the Centre levies IGST on inter state supplies and imports to maintain the credit chain, and the Goods and Services Tax Council, with a specified voting structure, harmonizes rates, exemptions and procedures. It sets out Input Tax Credit rules preventing cross utilisation of CGST and SGST except via IGST, threshold exemption and composition schemes for small taxpayers, electronic return filing, anti profiteering measures, transitional provisions and institutional arrangements including GSTN and appellate mechanisms. News - Mon, 05 Mar 2018 11:32:00 +0530 https://www.taxtmi.com/news?id=19684