https://www.taxtmi.com/news?id=20023 A constitutional reform created a dual GST regime with concurrent Centre and State levies on supplies and an Integrated GST for inter State trade and imports; a statutory Goods and Services Tax Council recommends rates, exemptions, thresholds and operational rules. The design subsumes multiple pre existing indirect taxes, establishes non fungible CGST and SGST input tax credit streams with specified cross utilisation via IGST, prescribes periodic fiscal settlement mechanisms, and provides for electronic filing, e way bills, anti profiteering measures, transitional provisions, and administrative allocations between Centre and States. en-us Thu, 10 May 2018 18:17:27 +0530 Thu, 10 May 2018 18:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20023 A constitutional reform created a dual GST regime with concurrent Centre and State levies on supplies and an Integrated GST for inter State trade and imports; a statutory Goods and Services Tax Council recommends rates, exemptions, thresholds and operational rules. The design subsumes multiple pre existing indirect taxes, establishes non fungible CGST and SGST input tax credit streams with specified cross utilisation via IGST, prescribes periodic fiscal settlement mechanisms, and provides for electronic filing, e way bills, anti profiteering measures, transitional provisions, and administrative allocations between Centre and States. News - Thu, 10 May 2018 18:17:27 +0530 https://www.taxtmi.com/news?id=20023