Q 187. What is the implication of different definition of “input tax” in three acts viz CGST, SGST and IGST Acts?


Ans. It implies that input tax consists of IGST & CGST in CGST Act and IGST & SGST in SGST Act. In the IGST Act, input tax consists of all three taxes namely, IGST, CGST and SGST. It further implies that credit of all three can be used for discharging IGST liability, whereas only credit…

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