GST RATE
This query is : Resolved
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
(Expert)
24 May 2017
In case of inter state sale it is IGST at 100%.
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
(Expert)
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.
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