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of <h1>Section 10 of Draft IGST Act 2016: Tax Apportionment Rules for Inter-State Supplies and Imports Explained</h1> Section 10 of the Draft Integrated Goods and Services Tax Act, 2016, outlines the apportionment of tax collected under the Act and the settlement of funds. It specifies that the IGST paid to the Central Government for inter-State supplies or imports by unregistered or certain taxable persons is apportioned to the Central Government at a rate equivalent to the CGST on similar intra-state supplies. The remaining balance is apportioned to the State where the supply occurs. These provisions also apply to the apportionment of interest and penalties. The collected IGST is adjusted accordingly, with transfers made to the respective CGST and SGST accounts.
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