https://www.taxtmi.com/news?id=21528 The document sets out the legal and institutional design of the Goods and Services Tax (GST) in India: a constitutional amendment enabling concurrent taxation, enactment of CGST/SGST/IGST and Compensation laws, and creation of the GST Council. It explains the dual model (CGST/SGST on intra-State supplies and IGST on inter-State supplies), cross-utilisation of input tax credit, multi-slab rate architecture with a compensation cess, and operational measures including registration thresholds, composition schemes, invoice-based return reform, e-way bills, refund and anti-profiteering mechanisms, plus IT and administrative arrangements through GSTN and CBIC. en-us Wed, 03 Jul 2019 10:28:10 +0530 Wed, 11 Feb 2026 15:58:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21528 The document sets out the legal and institutional design of the Goods and Services Tax (GST) in India: a constitutional amendment enabling concurrent taxation, enactment of CGST/SGST/IGST and Compensation laws, and creation of the GST Council. It explains the dual model (CGST/SGST on intra-State supplies and IGST on inter-State supplies), cross-utilisation of input tax credit, multi-slab rate architecture with a compensation cess, and operational measures including registration thresholds, composition schemes, invoice-based return reform, e-way bills, refund and anti-profiteering mechanisms, plus IT and administrative arrangements through GSTN and CBIC. News - Wed, 03 Jul 2019 10:28:10 +0530 https://www.taxtmi.com/news?id=21528