https://www.taxtmi.com/news?id=20222 GST unified India's indirect taxes into a destination based, value added tax by constitutional amendment, created the Goods and Services Tax Council to harmonize rates and modalities, and established a dual model where Centre and States concurrently levy CGST/SGST on intra state supplies while inter state supplies attract IGST collected by the Centre and apportioned to States; the framework prescribes input tax credit rules, multilayered rate slabs with compensation cess, threshold and composition schemes, zero rating of exports, anti profiteering enforcement, e way bills and an IT backbone via GSTN to support registration, returns, payments and settlement. en-us Tue, 03 Jul 2018 11:11:02 +0530 Wed, 11 Feb 2026 15:57:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20222 GST unified India's indirect taxes into a destination based, value added tax by constitutional amendment, created the Goods and Services Tax Council to harmonize rates and modalities, and established a dual model where Centre and States concurrently levy CGST/SGST on intra state supplies while inter state supplies attract IGST collected by the Centre and apportioned to States; the framework prescribes input tax credit rules, multilayered rate slabs with compensation cess, threshold and composition schemes, zero rating of exports, anti profiteering enforcement, e way bills and an IT backbone via GSTN to support registration, returns, payments and settlement. News - Tue, 03 Jul 2018 11:11:02 +0530 https://www.taxtmi.com/news?id=20222