1% IGST IN PROPOSED GST ACT

As per news reports 1% EXTRA IGST being proposed in the GST act will be charged by each intermediate states while the GOOds are transported from one State to another states. As per my understanding it should be charged by the state from which the materials is being despatched . Can some body clarify in the circle. more  

It will be charged by every state the goods pass thru.It will be applicable on despatch. more  
Is this tax applicable even if the goods are in transit more  
I have understood, that IGST is nothing but entry tax, which is already in existence in some states, and is levied, on all products, irrespective, whether that product falls under multi tax, or single point tax. more  
Post a Comment

Related Posts

    • Income Tax Refund

      Can someone update me on the Income Tax Refund status this year please. I filed my ITR in mid-Sept but have not got back any refund as yet.

      By Neeru Sood
      /
    • Accounts Outsourcing Service

      Hello friends. Please suggest a competent CA firm for outsourcing all accounting and filing work related to IT and GST for a small company, preferably based in South Delhi or Gurgaon

      By PRADEEP T
      /
    • Cash payment limits Rs. 10,000/-

      May I enquire from an expert among the group your guidance on two things, It is heard that cash payment limit is reduced to Rs. 10,000/- as against Rs. 20,000/- from April 01. Is is right.

      By Tsering Phuntsok
      /
    • Post offices do not pay more than 20,000 in cash.

      I have a TDS in post office for 5 years. When I visited there to withdraw the interest the concern clerk told that there is no provision to give the interest in cash for more than 20,000/-. He was ...

      By Gaurav Mittal
      /
    • i have a registered ngo and a pan card attached to it, but the brochure who did registration and all, entered the wrong spelling of name in pan card, it has been more than two years, now i wish to ...

      By Mani Dubey
      /
    • NEW PROPOSALS BUDGET 2017.

      I submit the following proposal to Hon.Fin.Min. Please study and comment.

      By Kv Venkata Chalam
      /
    • ICAI internal memo

      While ICAI members shouldnt indulge in illegal practices of converting black to white at the sam time they shouldnt behave like bhakts. Dont derail demonetisation but dont praise when the going is ...

      By Naina Mittal
      /
    • PSB BABUS CREATED FILTH ROBBED YET WE FACE DEMONET

      DEMONETIZATION ONLY TO BAILOUT PSBs, hiding the PSB babus' filth:- PIL In the scenario created in the mean time in the Nation of India, several evils have cropped up against h...

      By H Ahuja
      /
    • Why most black money holders are doomed

      Real estate firms or jewellers may not accept cash unless it is at a good discount, for they will have to declare it to the banks and pay taxes. So there is no easy option to convert it via real es...

      By Mohit Jain
      /
    • New steps after current situation.

      Exchange of Rs.500:Rs.1000 being given new Currency. Govt to take some immediate steps. 1. No cash transaction Rs.1,00,000/- above in all aspects. 2. PAN compulsory for Rs.1 lak & above transac...

      By Kv Venkata Chalam
      /
    • A senior CA's opinion

      I am sharing this in view of prevalent panic created by certain media over imposition of penalty on unaccounted cash of high denominations that are deposited into bank, I give my professional opini...

      By Naina Mittal
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)