MANAGEMENT

Detailed explanation-1: -When the location of supplier and the place of supply are in two different States, it will be an Inter-State supply and IGST will be applicable but when the two are in the same State, then it will be an Intra-State supply and CGST & SGST/UTGST is applicable. 2.

Detailed explanation-2: -Inter-State supply of goods means a supply of goods where the location of the supplier and place of supply are in different States or Union territories. Whereas, intra-State supply of goods means supply of goods where the location of the supplier and place of supply are in the same State or Union territory.

Detailed explanation-3: -according to Section 7 of the iGST act, if the location of supplier and the place of supply are in: Two different States, ◆ Two different Union territories, ◆ one State and one Union territory, then the supply is an inter-state supply.

Detailed explanation-4: -Location of the Supplier and place of supply are in the same state, therefore, transaction shall be treated as intra-state supply.

Detailed explanation-5: -Therefore, in simple words, IGST is paid by the receiving person, collected by the sender, given to the central government, and distributed between central and state governments.