In a case where goods are sold by a trader intra-state and the tax rate is 5%. Does that 5% need to apportioned between CGST and SGST ? If yes, how much to each ? Relevant Source would be helpful.
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Allocation between cgst & sgst ?
Replies (10)
CGST 2.5% SGST 2.5%
its 50 50 percentage
Can you mention the source ?
If you get kindly send it to me also
If you get kindly send it to me also
Read below article
https://cleartax.in/s/what-is-sgst-cgst-igst
https://cleartax.in/s/what-is-sgst-cgst-igst
With due regards, madam I need the specific law.
Clause 7 of Sec10 of IGST Act,2016.
Couldn't find it in the 2017 Act, if you may please quote the relevant extracts.
Sorry as per Final Act it is Clause 4 of Sec 17
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