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	<title>TaxGuru &#187; Inter-State Transactions of Goods and Services</title>
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		<title>Goods &amp; Services Tax (GST) Model for India</title>
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		<comments>http://taxguru.in/goods-and-service-tax/goods-services-tax-gst-model-for-india.html#comments</comments>
		<pubDate>Wed, 11 Nov 2009 02:10:48 +0000</pubDate>
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				<category><![CDATA[GST]]></category>
		<category><![CDATA[administrative issues]]></category>
		<category><![CDATA[constitutional amendment]]></category>
		<category><![CDATA[features of law]]></category>
		<category><![CDATA[goods and services tax]]></category>
		<category><![CDATA[government of india]]></category>
		<category><![CDATA[gst on  Petroleum Products]]></category>
		<category><![CDATA[gst on alcohol]]></category>
		<category><![CDATA[GST on Imports]]></category>
		<category><![CDATA[gst on Tobacco products]]></category>
		<category><![CDATA[GST Rate Structure]]></category>
		<category><![CDATA[Inter-State Transactions of Goods and Services]]></category>
		<category><![CDATA[Purchase tax]]></category>
		<category><![CDATA[rate structure]]></category>
		<category><![CDATA[salient features]]></category>
		<category><![CDATA[Salient features of the GST model]]></category>
		<category><![CDATA[state governments]]></category>
		<category><![CDATA[taxation matters]]></category>

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		<description><![CDATA[The GST shall have two components: one levied by the Centre (hereinafter referred to as Central GST), and the other levied by the States (hereinafter referred to as State GST). Rates for Central GST and State GST would be prescribed appropriately, reflecting revenue considerations and acceptability. This dual GST model would be implemented through multiple statutes (one for CGST and SGST statute for every State).]]></description>
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