https://www.taxtmi.com/news?id=20589 The document explains the constitutional and legislative architecture of GST as a destination based value added consumption tax implemented by the Constitution (One Hundred and First Amendment) Act, 2016, establishing a dual GST (CGST and SGST/UTGST) with IGST for inter State supplies, governed by the Goods and Services Tax Council which recommends rates, exemptions and compensation; it outlines input tax credit rules, cross utilisation, compensation cess mechanics for State revenue shortfall, institutional roles of CBIC and GSTN, new return and e way systems, and implementation challenges and statistics up to October 2018. en-us Wed, 03 Oct 2018 11:24:11 +0530 Wed, 11 Feb 2026 15:57:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20589 The document explains the constitutional and legislative architecture of GST as a destination based value added consumption tax implemented by the Constitution (One Hundred and First Amendment) Act, 2016, establishing a dual GST (CGST and SGST/UTGST) with IGST for inter State supplies, governed by the Goods and Services Tax Council which recommends rates, exemptions and compensation; it outlines input tax credit rules, cross utilisation, compensation cess mechanics for State revenue shortfall, institutional roles of CBIC and GSTN, new return and e way systems, and implementation challenges and statistics up to October 2018. News - Wed, 03 Oct 2018 11:24:11 +0530 https://www.taxtmi.com/news?id=20589