How will the settlement between Centre, exporting state and importing state be done?
Question 8
Bill
Overview of the IGST Act
Faq On GST (2nd Edition) Dated 31.3.2017
Q 8. How will the settlement between Centre, exporting state and importing state be done?
Ans. There would be settlement of account between the Centre and the states on two counts, which are as follows-
• Centre and the exporting state: The exporting state shall pay the amount equal to the ITC of SGST used
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