On 11 August 2015, the Indian government published parameters for the splitting of GST revenue between the federal government (Centre) and the States. Although still working out its implementation, the new GST regime is to apply from 1 April 2016.
---
Under the proposed GST regime, both Centre and States will simultaneously levy GST across the value chain. Tax will be levied on supply of goods and services. Centre would levy and collect Central Goods and Services Tax (CGST), and States woul…