https://www.taxtmi.com/circulars?id=65124 The Council adopted amended Minutes of its 9th meeting with textual corrections and revised taxpayer allocation rules: new registrants to be initially split one each between Centre and State, with year-end redistribution using a 90% State/10% Centre formula for turnover below Rs. 1.5 crore and 50:50 for turnover above; deletion of the clause permitting States to unilaterally consult the Centre to vary division; and refinement of cross-empowerment under IGST reserving place-of-supply adjudication to the Central authority while referring specified export/import issues to the Law Committee. The Council approved the drafted Compensation Law with defined Fund mechanics and approved multiple Model GST Law amendments including tribunal composition, penalty-waiver power, Schedule II/III/IV changes, dropping the CAG provision, and a focused definition of 'agriculturist'. en-us Sat, 18 Feb 2017 00:00:00 +0530 Wed, 06 Oct 2021 16:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65124 The Council adopted amended Minutes of its 9th meeting with textual corrections and revised taxpayer allocation rules: new registrants to be initially split one each between Centre and State, with year-end redistribution using a 90% State/10% Centre formula for turnover below Rs. 1.5 crore and 50:50 for turnover above; deletion of the clause permitting States to unilaterally consult the Centre to vary division; and refinement of cross-empowerment under IGST reserving place-of-supply adjudication to the Central authority while referring specified export/import issues to the Law Committee. The Council approved the drafted Compensation Law with defined Fund mechanics and approved multiple Model GST Law amendments including tribunal composition, penalty-waiver power, Schedule II/III/IV changes, dropping the CAG provision, and a focused definition of 'agriculturist'. Circulars GST Sat, 18 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65124