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.
IGST is charged when movement of goods and services from one state to another. For example, if goods are moved from Tamil Nadu to Kerala, IGST is levied on such goods. The revenue out of IGST is shared by state government and central government as per the rates fixed by the authorities. As per GST Law: