NCLAT: Consideration of Debt Restructuring by Lenders Doesn’t Bar Member from Initiating Proceedings  ||  Delhi High Court: In Matters of Medical Evaluation, Courts Should Exercise Restraint  ||  Delhi HC: Any Person in India Has Right to Legally Import Goods from Abroad and Sell the Same  ||  Delhi HC: Waiver to Section 12(5) of Arbitration Act to be Given Once Tribunal is Constituted  ||  Supreme Court Has Asked States to Regularise Existing Court Managers  ||  SC: Union & States to Create Special POSCO Courts on Top Priority  ||  SC Upholds Authority of CERC to Award Compensation for Delays  ||  SC: Arbitral Tribunal Has Discretion to Include in Sum Awarded, Interest at Rate as it Deems Reasonab  ||  SC: Cannot Use Article 142 to Frame Guidelines on Judicial Recusal  ||  SC: Satisfaction Recorder in One EP Won’t Affect Subsequent EPs for Future Breaches    

Parameters for Splitting of GST Revenue Between Centre and States - (11 Aug 2015)

MANU/PIBU/1042/2015

Sales Tax/VAT

Under the proposed General Sales Tax regime, the Centre would levy and collect Central Goods and Services Tax, and States would levy and collect the States Goods and Service Tax on all transactions within a State. The Centre would levy and collect the Integrated Goods and Services Tax on all inter-State supply of goods and services, the proceeds which would be apportioned between the States and the Centre.

Tags : GENERAL SALES TAX   LEVY   APPORTION  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved