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Two-way learning
State finance ministers, who had gone to Europe to learn about the proposed Goods and Services Tax (GST) model, seem to have taught a thing or two to the Europeans. At a meeting with French Minister for Foreign Trade, Madhya Pradesh Finance Minister Raghavji said India, which has not yet introduced the GST and has varying VAT rates across states, saw GDP growth of eight to nine per cent in the last
State finance ministers, who had gone to Europe to learn about the proposed Goods and Services Tax (GST) model, seem to have taught a thing or two to the Europeans. At a meeting with French Minister for Foreign Trade, Madhya Pradesh Finance Minister Raghavji said India, which has not yet introduced the GST and has varying VAT rates across states, saw GDP growth of eight to nine per cent in the last
Inter-state supplies is taxed under dual GST at destination
Given the federal structure prevalent in India, the tax treatment of inter-state supplies of goods and services in the dual GST model will pose a major challenge. Several key issues concerning
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