https://www.taxtmi.com/news?id=21285 Goods and Services Tax establishes a destination based value added consumption tax subsuming multiple central and state indirect levies; the 101st Constitutional Amendment enables concurrent GST legislation, creates the GST Council to recommend base, rates, apportionment and compensation, and mandates a dual model of CGST/SGST with an IGST mechanism to preserve input tax credit continuity, alongside rules on registration, returns, composition schemes, ITC cross utilisation, e way bills, refunds, and administrative settlement between Centre and States. en-us Fri, 03 May 2019 10:41:09 +0530 Fri, 03 May 2019 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21285 Goods and Services Tax establishes a destination based value added consumption tax subsuming multiple central and state indirect levies; the 101st Constitutional Amendment enables concurrent GST legislation, creates the GST Council to recommend base, rates, apportionment and compensation, and mandates a dual model of CGST/SGST with an IGST mechanism to preserve input tax credit continuity, alongside rules on registration, returns, composition schemes, ITC cross utilisation, e way bills, refunds, and administrative settlement between Centre and States. News - Fri, 03 May 2019 10:41:09 +0530 https://www.taxtmi.com/news?id=21285