Faq S On Apportionment Of Tax And Settlement Of Funds Under Igst
Q1. What is the mechanism of IGST apportionment between Centre and State? Ans. The IGST paid on supplies (local or imports) made to: (a) An unregistered person (b) Composition dealer (c) Taxable Person who is not eligible for Apportionment of Tax and Settlement of Funds (d) Taxable Person who does not avail credit within specified period will be apportioned to the Central Government based on the rate of CGST on similar intra -State supply and the balance will be apportioned to the State Government where such supply takes place....