I think you answered about manner of "ITC" distribution of IGST. My query is IGST which I have paid , how will it be allocated between central and state government (50-50) or Is there any other manner of settlement?
In an intra state supppy we pay Cgst and sgst .Cgst belongs to Central govt's revenue and sgst belongs to state govt's revenue (state where the destination of supply is there -POS). Likewise, in inter state supply we pay IGST .This IGST is collected by CENTRAL GOVT and then distributed (a part of it ) to STATE GOVT also. I AM ASKING THE MANNER (PROPORTION) OF ITS DISTRIBUTION. IS IT 50% TO CENTRAL GOVT AND 50% TO STATE GOVT OR IS THERE ANY OTHER MANNER OF SETTLEMENT??