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CONCEPT OF DUAL GST

Goods and Services Tax - GST - By: - Dr. Sanjiv Agarwal - Dated:- 28-12-2015 Last Replied Date:- 4-1-2016 - In a federal country like India where the power to tax domestic trade is divided between the Central Government and the State Government, the .....

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State, on supply of goods or services. Under the Constitution, presently the taxing powers are presently split between the State and the Centre. In case of certain transactions, the power to tax is vested with the Centre and while in certain others, .....

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ld be vested with the Central Government, while the revenue would in some appropriate manner, get distributed to the States. Considering the dual taxation power to tax transactions under GST, the structure is referred to as Dual GST. Considering the .....

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e Centre and the States, but independently. It will have two components: one levied by the Centre (hereinafter referred to as CGST), and the other levied by the States and Union Territories (UTs) [hereinafter referred to as SGST] Both the CGST and SG .....

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mber of taxes at the Central and State level decrease in effective tax rate for many goods removal of the current cascading effect of taxes reduction of transaction costs of the taxpayers through simplified tax compliance increased tax collections du .....

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ax (GST) throughout the country as a part of continuing fiscal reforms, while favouring a dual GST structure to be levied concurrently by both the Centre and State. Citing the recommendation on a dual GST by the empowered committee of State Finance M .....

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oints in the supply chain. It also eliminates tax cascading, which occurs because of truncated or partial application of the Centre and State taxes, said the survey. Despite improvements in the country s tax design and administration over the past fe .....

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