https://www.taxtmi.com/news?id=20150 Introduction of GST establishes a dual GST with CGST and SGST/UTGST and an IGST for inter State supplies and imports; a constitutional amendment and creation of the GST Council govern rates, exemptions, thresholds and harmonisation. The design fixes input tax credit usage rules, destination based taxation, threshold and composition schemes, procedural rules (registration, returns, e way bills) and institutional mechanisms (anti profiteering, advance rulings, appellate tribunal) to effect transition from legacy indirect taxes. en-us Fri, 15 Jun 2018 14:44:56 +0530 Fri, 15 Jun 2018 17:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20150 Introduction of GST establishes a dual GST with CGST and SGST/UTGST and an IGST for inter State supplies and imports; a constitutional amendment and creation of the GST Council govern rates, exemptions, thresholds and harmonisation. The design fixes input tax credit usage rules, destination based taxation, threshold and composition schemes, procedural rules (registration, returns, e way bills) and institutional mechanisms (anti profiteering, advance rulings, appellate tribunal) to effect transition from legacy indirect taxes. News - Fri, 15 Jun 2018 14:44:56 +0530 https://www.taxtmi.com/news?id=20150