what do you mean by intra-state and inter-state transaction
Answer (1)
23rd Jun, 2020
When goods or services are supplied from one state to another, one union territory to another or one state to a union territory it is called as Inter State supply. IGST is applied on such goods that are part of interstate supply.
When goods or services are supplied within same state or union territory it is called intrastate supply. On such goods SGST and CGST are applied.
When goods or services are supplied within same state or union territory it is called intrastate supply. On such goods SGST and CGST are applied.
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