TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Understanding Tax Apportionment: Section 15 of IGST Act 2016 Explains Inter-State and Intra-State Supply Allocations</h1> Section 15 of the Integrated Goods and Services Tax Act, 2016, outlines the apportionment of tax collected under the Act. It specifies that the IGST paid to the Central Government for inter-State supplies or imports is apportioned to the Central Government at a rate equivalent to the CGST for similar intra-State supplies. If the taxable person does not avail input tax credit within the specified period, the remaining IGST is apportioned similarly. The balance is then apportioned to the State where the supply occurs. These provisions also apply to interest, penalties, and compounding amounts. Adjustments are made if IGST amounts are later refunded.
TaxTMI 
TaxTMI 
