TMI BlogParameters for Splitting of GST Revenue Between Centre and StatesX X X X Extracts X X X X X X X X Extracts X X X X ..... Parameters for Splitting of GST Revenue Between Centre and States - Goods and Services Tax - GST Dated:- 12-8-2015 - News - Under the proposed GST regime, both Centre and States will simultaneously ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... levy GST across the value chain. Tax will be levied on supply of goods and services. Centre would levy and collect Central Goods and Services Tax (CGST), and States would levy and collect the States G ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oods and Service Tax (SGST) on all transactions within a State. The Centre would levy and collect the Integrated Goods and Services Tax (IGST) on all inter-State supply of goods and services. The proc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eeds of IGST will be apportioned between the States and the Centre, under the proposed Article 269A, as provided by Parliament by law on the recommendations of the GST Council. Further, the CGST colle ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cted by the Central Government as well as the Union s share of IGST collected will be devolved to the States as per the provisions of Article 270. The rates of GST will be recommended by the GST Co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uncil after it is constituted after the amendment of the Constitution. This was stated by Shri Jayant Sinha, Minister of State in the Ministry of Finance in written reply to a question in Rajya Sab ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ha. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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