The correct answer is: D. All of the above
IGST is payable on all inter-state, intra-state and intra-UT supplies of goods and services.
- Inter-state supply is a supply of goods or services where the location of the supplier and the place of supply are in different states.
- Intra-state supply is a supply of goods or services where the location of the supplier and the place of supply are in the same state.
- Intra-UT supply is a supply of goods or services where the location of the supplier and the place of supply are in the same Union Territory.
IGST is a composite tax that is levied on all inter-state, intra-state and intra-UT supplies of goods and services. It is levied at a rate of 18%.
The following are some examples of supplies that are liable to IGST:
- Supply of goods from one state to another
- Supply of services from one state to another
- Supply of goods or services within a state
- Supply of goods or services within a Union Territory
IGST is payable by the supplier of goods or services. The supplier is required to collect IGST from the recipient of goods or services and deposit it with the government.
The recipient of goods or services is entitled to a credit of IGST paid on inputs used in the manufacture or production of goods or services that are supplied.
IGST is a complex tax and there are many rules and regulations that govern its levy and collection. It is important for businesses to be aware of these rules and regulations in order to comply with the law.