If a karnataka seller sells his product to a kerala consumer buyer through online under IGST billing and
if the igst collected is Rs 100,how much tax goes to which state and how much to the centre?
Tax revenue
Replies (2)
Quick Summary
70.50 will go to kerala state and rest 29.50 to central gov.
Thank you sir. My limited understanding is 50% for kerala and balance 50% for the centre. When you say it is 70 and 30, is it after taking into account the 41% of centres share which goes back to the states?
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