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In which purchase is IGST Payable?
8. In which purchase is IGST Payable?
- Intra State
- Inter State
- Inter Continents
- Inter Union Territories
Answer: B) Inter State
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 relevant on any stock of merchandise and additionally benefits in the two instances of import into India and commodity from India.