https://www.taxtmi.com/article/detailed?id=7351 Section 17 of the IGST Bill prescribes that specified inter state supplies and imports (including supplies to unregistered persons, composition taxpayers, recipients ineligible for input tax credit, and supplies where credit is not availed timely) generate an amount equal to the central component of similar intra state tax to be apportioned to the Central Government. The remaining integrated tax is apportioned to the State of supply or to the Central Government for Union territories, with special rules where place of supply or the taxable person is not determinable. The provision applies mutatis mutandis to interest, penalty and compounding and mandates corresponding transfers and refund adjustments. en-us Mon, 03 Apr 2017 07:29:25 +0530 Mon, 03 Apr 2017 07:29:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7351 Section 17 of the IGST Bill prescribes that specified inter state supplies and imports (including supplies to unregistered persons, composition taxpayers, recipients ineligible for input tax credit, and supplies where credit is not availed timely) generate an amount equal to the central component of similar intra state tax to be apportioned to the Central Government. The remaining integrated tax is apportioned to the State of supply or to the Central Government for Union territories, with special rules where place of supply or the taxable person is not determinable. The provision applies mutatis mutandis to interest, penalty and compounding and mandates corresponding transfers and refund adjustments. Articles Goods and Services Tax - GST Mon, 03 Apr 2017 07:29:25 +0530 https://www.taxtmi.com/article/detailed?id=7351