GST Modality
By: – CA Akash Phophalia
Goods and Services Tax – GST
Dated:- 26-12-2014
GST Modality
There are three models namely Central GST, State GST and Dual GST. Dual GST can further be implwmented in two ways – Concurrent GST and Non- Concurrent GST.
1. CENTRAL GST :
Under this option, the two levels of government would combine their levies in the form of a single National GST, with appropriate revenue sharing arrangements among them. The tax could be controlled and administered by the central government.
2. STATE GST :
The second model is to have a state GST in which the states alone levy Tax and the Centre withdraws from the field of GST or VAT completely. In this case, the state GST will work as the redistributi
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