__________ is levied when the parties to the transactions are located in different states.
A
CGST
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B
SGST
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C
IGST
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D
Both (A) & (B)
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Solution
The correct option is C IGST Inter-State supply of goods or services is when the location of the supplier and the place of supply are in different states.
Also, in cases of export or import of goods or services or when the supply of goods or services is made to or by a SEZ unit, the transaction is assumed to be Inter-State.
In an Inter-State transaction, a seller has to collect IGST from the buyer.