What is the implication of different definition of \u201cinput tax\u201d in three acts viz CGST, SGST and IGST Acts?
Question 2
Bill
Input Tax Credit
FAQ on GST dated 21.9.2016 based on Draft Model GST
Q 2. What is the implication of different definition of “input tax” in three acts viz CGST, SGST and IGST Acts?
\nAns. It implies that input tax consists of IGST & CGST in CGST Act and IGST & SGST in SGST Act. In the IGST Act, input tax consists of all three taxes namely, IGST, CGST and<\/p>\n
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