https://www.taxtmi.com/article/detailed?id=9103 GST replaced multiple central and state indirect taxes with a dual structure of CGST and SGST for intra state supplies and IGST for inter state supplies, allowing transitional credit for taxes on closing stock. GST is a levy on supply for consideration; taxable value is the transaction price inclusive of other statutory levies but excluding discounts. Principal liability to pay rests with the supplier, with specified reverse charge cases where the recipient pays. Registration, invoicing, input tax credit rules, online returns, e way bills and phased e invoicing are core compliance mechanisms. en-us Wed, 22 Apr 2020 09:38:02 +0530 Wed, 22 Apr 2020 09:38:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9103 GST replaced multiple central and state indirect taxes with a dual structure of CGST and SGST for intra state supplies and IGST for inter state supplies, allowing transitional credit for taxes on closing stock. GST is a levy on supply for consideration; taxable value is the transaction price inclusive of other statutory levies but excluding discounts. Principal liability to pay rests with the supplier, with specified reverse charge cases where the recipient pays. Registration, invoicing, input tax credit rules, online returns, e way bills and phased e invoicing are core compliance mechanisms. Articles Goods and Services Tax - GST Wed, 22 Apr 2020 09:38:02 +0530 https://www.taxtmi.com/article/detailed?id=9103