Question
For intra-State sales, the GST is divided between the
Centre and the State in the ratio?Solution
For intra-state sales, the GST is divided between the Central Government and the State Government in the ratio of 50:50. This means that half of the GST collected goes to the Central Government and the other half goes to the State Government. Example: If a business in Rajasthan sells goods to another business in Rajasthan, the GST rate will be 18%, which is divided into 9% CGST and 9% SGST.
According to Union Budget 2023-24, consider the following statements regarding the rationalization of Direct Tax:Â
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