Sec 2(58) – Integrated Tax

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Sec 2(58) – Integrated Tax 2017-04-14T03:36:08+00:00
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  • Adarsh MadrechaAdarsh Madrecha
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    #1283 |

    “integrated tax” means the integrated goods and services tax levied under the Integrated Goods and Services Tax Act;

    Priya MadrechaPriya Madrecha
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    Tax levied under the IGST Act is referred to as “Integrated tax” as opposed to “IGST” as used in the model GST laws. It refers to the tax charged under the IGST Act on inter-State supply of goods or services or both (other than supply of alcoholic liquor for human consumption). The rate of tax is capped at 40% and will be notified by the Central Government based on the recommendation of the Council.

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