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.
India is all set to usher in a game-changing tax reformâthe goods and services tax (GST). Apart from creating a unified market across India, GST will help make Indiaâs manufacturing competitive by cutting high logistics and warehousing costs.he regulatory reforms proposed in the GST presents a golden opportunity to revisit, rationalize and re-engineer transportation and logistics networks, given the inherent inefficiencies with taxes based on the crossing of administrative boundaries or border checkpoints.