https://www.taxtmi.com/news?id=20703 The document sets out the Indian GST design: a concurrent dual model with CGST and SGST on intra state supplies and an IGST levied by the Centre on inter state supplies to preserve uninterrupted input tax credit. It summarises the rate structure (5%, 12%, 18%, 28% with select exceptions), the compensation mechanism financed by a cess for transitional revenue protection of States, cross utilisation and settlement rules for ITC, and institutional arrangements centred on the Goods and Services Tax Council, CBIC administration and the GSTN IT platform. en-us Sat, 03 Nov 2018 14:22:42 +0530 Wed, 11 Feb 2026 15:57:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20703 The document sets out the Indian GST design: a concurrent dual model with CGST and SGST on intra state supplies and an IGST levied by the Centre on inter state supplies to preserve uninterrupted input tax credit. It summarises the rate structure (5%, 12%, 18%, 28% with select exceptions), the compensation mechanism financed by a cess for transitional revenue protection of States, cross utilisation and settlement rules for ITC, and institutional arrangements centred on the Goods and Services Tax Council, CBIC administration and the GSTN IT platform. News - Sat, 03 Nov 2018 14:22:42 +0530 https://www.taxtmi.com/news?id=20703