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IGST is applicable in which goods?
12. IGST is applicable in which goods?
- Inter-Country
- Inter-State
- Inter UT
- None of the above
Answer: A) Inter-Country
Explanation:
Under GST, IGST is a duty collected on all Inter-State supplies of products and additional benefits and will be administered by the IGST Act. IGST will be material on any inventory of products or potentially benefits in the two instances of import into India and commodity from India.