New Enroll in RBI Grade B New Batch - Starts on May 21

    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

    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