How will the settlement between Centre, exporting state and importing state be done
Question 9
Bill
Overview of the IGST Act
FAQ on GST dated 21.9.2016 based on Draft Model GST
Q 9. How will the settlement between Centre, exporting state and importing state be done?
\nAns. There would be settlement of account between the centre and the states on two counts, which are as follows-
\n * Centre and the exporting state: The exporting state shall pay the amount equal to the ITC of SGST<\/p>\n
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