https://www.taxtmi.com/news?id=20784 GST unified multiple central and state indirect taxes into a destination-based, value-added dual levy with constitutional amendments enabling concurrent Centre and State legislation, creation of the GST Council, IGST apportionment for inter-State supplies, exclusion of alcoholic liquor, and compensation to States. The design provides CGST/SGST for intra-State supplies, IGST for inter-State supplies to preserve input tax credit continuity, multiple rate bands with a compensation cess on select goods, zero-rating of exports, threshold and composition schemes for small taxpayers, and IT-enabled compliance and settlement through GSTN, e-way bills and anti-profiteering mechanisms. en-us Wed, 05 Dec 2018 11:33:56 +0530 Wed, 11 Feb 2026 15:57:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20784 GST unified multiple central and state indirect taxes into a destination-based, value-added dual levy with constitutional amendments enabling concurrent Centre and State legislation, creation of the GST Council, IGST apportionment for inter-State supplies, exclusion of alcoholic liquor, and compensation to States. The design provides CGST/SGST for intra-State supplies, IGST for inter-State supplies to preserve input tax credit continuity, multiple rate bands with a compensation cess on select goods, zero-rating of exports, threshold and composition schemes for small taxpayers, and IT-enabled compliance and settlement through GSTN, e-way bills and anti-profiteering mechanisms. News - Wed, 05 Dec 2018 11:33:56 +0530 https://www.taxtmi.com/news?id=20784