Question

For intra-State sales, the GST is divided between the Centre and the State in the ratio?

A Equally Correct Answer Incorrect Answer
B 60:40 Correct Answer Incorrect Answer
C 40:60 Correct Answer Incorrect Answer
D 25:75 Correct Answer Incorrect Answer
E 15:85 Correct Answer Incorrect Answer

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.

Practice Next

Relevant for Exams:

×
×