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The revenue of inter state sale doesn't accrue to the exporting state and the exporting state transfers to the center the credit of SGST or UTGST used in payment of IGST pls explain this in easiest way


MARISETTI  DURGA

MARISETTI DURGA

CA Inter

5K+

17-May-20 22:10

33

Answers (2)

GST is a destination based tax so revenue will be earned by state where supply terminates,I gave you example please have a look on it. In that example State-1 remains with Zero because supply was made further to State-2 Hence whatever is credit remaining in State-1 will be transferred to State-2 in payment of IGST.

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KEERTHI PRIYA

KEERTHI PRIYA

Moderator

18-May-20 09:41

Tq


MARISETTI  DURGA

MARISETTI DURGA

CA Inter

5K+

18-May-20 12:46

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