Accountancy, asked by prasunkashyap93, 7 months ago

Which GST account will be used in inter-state transactions?​

Answers

Answered by feliks
0

Answer:

Revenue from IGST will be apportioned among Union and States by Parliament on basis of recommendation of Goods and Service Tax Council [Proposed Article 269A(2) and Article 270 (1A) of Constitution of India]. The apportionment will be required as input tax credit of IGST can be used for SGST and vice versa.

Answered by abishekcps
0

Answer:

nter-State supply of goods or services is when the location of the supplier and the place of supply are in different states. Also, in cases of export or import of goods or services or when the supply of goods or services is made to or by a SEZ unit, the transaction is assumed to be Inter-State

Explanation:

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