GST RATE

This query is : Resolved

rajesh (Querist)
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23 May 2017 Dear Exparts, where is mentioned in GST act that GST rate will be 50 50 % in CGST and SGST at the time intra state sale.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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24 May 2017 In case of inter state sale it is IGST at 100%.

rajesh

rajesh (Querist)
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24 May 2017 Seetharaman ji thanks but I want to Know the where is define in act CGST AND SGST RATE WILL BE 50 50 % at the time sale with in state.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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24 May 2017 The actual tax collection (before compensation) will be on a 50-50 basis between the centre and the states. “If, after the distribution, the states’ share falls short of what was being forecast, the centre will pay them compensation to plug the gap.
Decision taken wait for notification.