The Earth has a surface area of 196,939,900 square miles. Areas covered by water is about (361,740,000 km), square miles equals about 71% of the total surface of the Earth. The Earth has a surface area of 196,939,900 square miles. Areas covered by water is about (361,740,000 km), square miles equals about 71% of the total surface of the Earth.
Now, if the dealer in Maharashtra had sold goods to a dealer in Gujarat worth Rs. 1,00,000. The GST rate is 18% comprising of CGST rate of 9% and SGST rate of 9%. In such case the dealer has to charge Rs. 18,000 as IGST. This IGST will go to the Centre.
Let us try to understand this IGST mechanism step by step:-. 1. Dealer of the selling state will collect IGST from the purchaser on Interstate Transaction and the rate of IGST will be the combined rate of SGST and CGST, Say if the rate of SGST is 12% and CGST is 14% then the rate of IGST will be 26%.