Salient features of CGST and IGST Bills approved by the GST Council

To provide certainty in tax matters, a provision has been made for an Advance Ruling Authority

Some of the main features of the Central Goods and Services Tax (CGST) and Integrated GST Bills, as finalised by the GST Council, are as follows:

i)  A state-wise single registration for a taxpayer forfiling returns, paying taxes, and to fulfill other compliance requirements. Most of the compliance requirements would be fulfilled online, thus leaving very little room for physical interface between the taxpayer and the tax official.

ii)  A taxpayer has to file one single return state-wise to report all his supplies, whether made within or outside the state or exported out of the country and pay the applicable