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?
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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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