Breaking down GST: slabs, payments, dispute

The Goods and Services Tax (GST), rolled out in July 2017, marked a major shift from the traditional production-linked tax to a consumption-based tax. The new regime subsumed state levies such as VAT, sales tax, octroi/entry tax together with central levies such as central excise and service tax. States gave up some of their taxation rights in lieu of the Centre passing on their revenue share unde…