https://www.taxtmi.com/manuals?id=7582 GST is a dual levy with Centre and States taxing a common base: CGST and SGST on intra State supplies and IGST on inter State supplies; the taxable event is supply for consideration in the course or furtherance of business, including deemed supplies. Input Tax Credit permits set off so only value addition is taxed. Levy methods include normal charge, an optional composition scheme for small taxpayers with prescribed compliance and stock adjustment rules, and reverse charge where the recipient is liable for tax on notified supplies with specific invoicing, payment and credit conditions. en-us Tue, 25 Feb 2025 11:59:00 +0530 Tue, 11 Mar 2025 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=7582 GST is a dual levy with Centre and States taxing a common base: CGST and SGST on intra State supplies and IGST on inter State supplies; the taxable event is supply for consideration in the course or furtherance of business, including deemed supplies. Input Tax Credit permits set off so only value addition is taxed. Levy methods include normal charge, an optional composition scheme for small taxpayers with prescribed compliance and stock adjustment rules, and reverse charge where the recipient is liable for tax on notified supplies with specific invoicing, payment and credit conditions. Manuals GST Tue, 25 Feb 2025 11:59:00 +0530 https://www.taxtmi.com/manuals?id=7582