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Question

What does 'I' stand for in 'IGST'?

A
International
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B
Internal
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C
Integrated
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D
Intra
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Solution

The correct option is C Integrated
To determine whether Central Goods & Services Tax (CGST), State Goods & Services Tax (SGST) or Integrated Goods & Services Tax (IGST) will be applicable in a taxable transaction. In an Inter-State transaction, a seller has to collect IGST from the buyer.

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