Goods and Services Tax implementation: unified levy, time-of-supply rules, registration, online payments and refund controls.
The proposal establishes GST as a comprehensive tax on supply of goods and services, subsuming most indirect taxes while preserving specified levies; it prescribes detailed time-of-supply rules for goods and services (including reverse charge and continuous supply provisions), mandatory PAN-based registration per state, periodic returns via the GSTN, an online payment process with CPIN/CIN identifiers, and refund procedures governed by unjust enrichment and certification requirements for export-related claims. (AI Summary)