Levy and collection of Integrated Goods and Services Tax

Levy and collection of Integrated Goods and Services Tax
Section 4
Bill
LEVY AND COLLECTION OF TAX
Draft – Integrated Goods And Services Tax Act, 2016 ( IGST Act) – Draft June 2016
CHAPTER- III
LEVY AND COLLECTION OF TAX
4. Levy and collection of Integrated Goods and Services Tax
(1) There shall be levied a tax called the Integrated Goods and Services Tax on all supplies of goods and/or services made in the course of inter-State trade or commerce at the rate specified in the Schedule to this Act and collected in such manner as may be prescribed.
(2) The Integrated Goods and Services Tax shall be paid by every taxable person in accordance with the provisions of this Act.
(3) Notwithstanding anything contained in sub-sec

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