Documente Academic
Documente Profesional
Documente Cultură
Outline
Indias Federal Structure
The GST Vision
Salient features of proposed GST as per Constitutional Bill
Dual GST Model
IGST Model
GSTN
Central Government
State Government
Local Bodies
Entry Tax
Octroi
IGST Model
Centre would levy IGST (CGST + SGST) on all interstate
transactions
The Inter state seller would pay IGST on the value addition
after adjusting available credit of IGST, CGST and SGST on his
purchases
Exporting State will transfer to the Centre the credit of SGST
used in the payment of IGST
Importing dealer can claim credit of the IGST while discharging
his output tax liability in his state
Centre will transfer to the importing state the credit of IGST
used in the payment of SGST
Contentious Issues
Two main reservations of the States:
Loss of Revenue
Loss of Autonomy
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