https://www.taxtmi.com/news?id=21856 GST establishes a destination-based, value-added tax under a concurrent dual model where Centre and States levy tax on the common base. The IGST mechanism preserves uninterrupted input tax credit on inter-State transactions through Centre-collected IGST and information-driven apportionment to destination States. The 101st Constitutional Amendment created power for concurrent GST legislation, inserted Article 279A to constitute the GST Council to recommend rates, exemptions, place-of-supply principles and compensation, and provided for a Compensation Cess to finance transitional revenue protection to States. en-us Wed, 07 Aug 2019 11:59:35 +0530 Wed, 11 Feb 2026 15:58:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21856 GST establishes a destination-based, value-added tax under a concurrent dual model where Centre and States levy tax on the common base. The IGST mechanism preserves uninterrupted input tax credit on inter-State transactions through Centre-collected IGST and information-driven apportionment to destination States. The 101st Constitutional Amendment created power for concurrent GST legislation, inserted Article 279A to constitute the GST Council to recommend rates, exemptions, place-of-supply principles and compensation, and provided for a Compensation Cess to finance transitional revenue protection to States. News - Wed, 07 Aug 2019 11:59:35 +0530 https://www.taxtmi.com/news?id=21856