https://www.taxtmi.com/news?id=21497 GST unified India's indirect taxes through a destination based, dual model where Centre and States concurrently tax supplies (CGST and SGST) and IGST manages inter State transactions to preserve uninterrupted input tax credit. Constitutional amendment created the GST Council to recommend subsumed taxes, rates, exemptions, place of supply principles and compensation; operational features include tax slabs, compensation cess, composition and threshold exemptions, reverse charge/TDS/TCS provisions, e way bills, a common IT portal (GSTN), anti profiteering safeguards and transitional rules to implement a single national market. en-us Thu, 27 Jun 2019 17:34:12 +0530 Thu, 27 Jun 2019 18:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21497 GST unified India's indirect taxes through a destination based, dual model where Centre and States concurrently tax supplies (CGST and SGST) and IGST manages inter State transactions to preserve uninterrupted input tax credit. Constitutional amendment created the GST Council to recommend subsumed taxes, rates, exemptions, place of supply principles and compensation; operational features include tax slabs, compensation cess, composition and threshold exemptions, reverse charge/TDS/TCS provisions, e way bills, a common IT portal (GSTN), anti profiteering safeguards and transitional rules to implement a single national market. News - Thu, 27 Jun 2019 17:34:12 +0530 https://www.taxtmi.com/news?id=21497