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Question
____________ is levied on supply of goods and/or services when both the parties to the transactions are located in the same state.
____________ is levied on supply of goods and/or services when both the parties to the transactions are located in the same state.
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Solution
The correct option is C Both (A) & (B)
Intra-State supply of goods or services is when the location of the supplier and the place of supply i.e., location of the buyer are in the same state.
In Intra-State transactions, a seller has to collect both CGST and SGST from the buyer. The CGST gets deposited with Central Government and SGST gets deposited with State Government.
Hence, D is the correct option.
Intra-State supply of goods or services is when the location of the supplier and the place of supply i.e., location of the buyer are in the same state.
In Intra-State transactions, a seller has to collect both CGST and SGST from the buyer. The CGST gets deposited with Central Government and SGST gets deposited with State Government.
Hence, D is the correct option.
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