Since India is primarily a federal state and the tax revenue from the supply of goods and services has to be proportionately shared between the centre and states, a three-tier tax system was introduced under the GST. Under this system, tax liabilities arise, based on the movement of the goods or services within or outside a state.
Source: housing.com
Latest Posts in "India"
- VAT Pre-Deposit Refund Must Be Paid in Cash Under GST, Rules Madras High Court
- Karnataka High Court: Limitation for GST Refund Mandatory, Delay Condonable Under Writ Jurisdiction
- Karnataka High Court: GST Refund Limitation Mandatory, Delay Condonable Under Writ Jurisdiction
- GST Refund Limitation is Mandatory, but High Courts Can Condon Delay in Genuine Hardship Cases
- DGFT Tightens Certificates of Origin Rules, Mandates Automated Verification and Authorised Issuance
