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.
The Goods and Services Tax (GST) is going to change India's economy though initially it might have caused some pain, Vice-President M Venkaiah Naidu today said. Speaking on the concluding day of the 11th Global Doctors' Summit here, Naidu said the improvement in India's tax system with the introduction of GST will ultimately benefit its people.