How will be Inter-State Transactions of Goods and Services be taxed under GST in terms of IGST method?
Question 17
Bill
Frequently Asked Questions (FAQ) GST
FAQ [OLD] on Goods and Services Tax (GST) – (December 2015)
Q 17: How will be Inter-State Transactions of Goods and Services be taxed under GST in terms of IGST method?
\nAns: The Empowered Committee has accepted the recommendation for adoption of IGST model for taxation of inter-State transaction of Goods and Services. The scope of IGST Model is that Centre would levy IGST which would be CGST plus SGST on all inter-State transactions of taxable goods and services. The inter-State seller will pay IGST on value addition after adjusting available credit of IGST, CGST, an<\/p>\n
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