THE INDIA DIARIES

IGST makes sure that taxes compensated on inter-point out provides are credited for the importing point out, Along with the exporting state collecting the tax. As an example, when goods are sold from Maharashtra to Gujarat, IGST is levied as well as the credit score is transferred to Gujarat, where the goods are been given and eaten. the place a f

a worth-additional tax, also often called a VAT tax, is really a tax on the value added at Every single stage of the supply chain while in the production of goods and services. Even Should you have not gathered tax during a reporting time period, you may still must file a return. they are termed “zero returns,” and even though you won't remit