https://www.taxtmi.com/news?id=20498 The document summarizes the Indian Goods and Services Tax as a destination based, dual model that subsumes multiple central and state indirect taxes; constitutional amendments (101st Amendment) conferred concurrent GST powers, created the GST Council and IGST apportionment mechanisms, and provided for a multi rate structure, compensation cess and five year revenue protection. It sets out institutional roles (CBIC, GSTN), core features (thresholds, composition scheme, zero rating, ITC cross utilisation), operational measures (e way bill, new return formats) and implementation challenges with remedial measures. en-us Wed, 05 Sep 2018 13:13:10 +0530 Wed, 11 Feb 2026 15:57:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20498 The document summarizes the Indian Goods and Services Tax as a destination based, dual model that subsumes multiple central and state indirect taxes; constitutional amendments (101st Amendment) conferred concurrent GST powers, created the GST Council and IGST apportionment mechanisms, and provided for a multi rate structure, compensation cess and five year revenue protection. It sets out institutional roles (CBIC, GSTN), core features (thresholds, composition scheme, zero rating, ITC cross utilisation), operational measures (e way bill, new return formats) and implementation challenges with remedial measures. News - Wed, 05 Sep 2018 13:13:10 +0530 https://www.taxtmi.com/news?id=20498