The correct answer is: D. All of these
IGST is an integrated goods and services tax levied on inter-state supply of goods and services. It is a dual levy, which means that it is levied by both the central government and the state governments. The central government collects 60% of the IGST, while the state governments collect 40%.
The IGST is charged on the value of the goods or services supplied, plus any applicable taxes or duties. The rate of IGST is 12%. However, the rate may be reduced or increased for certain goods or services.
The IGST is payable by the supplier of
the goods or services. The supplier is required to collect the IGST from the buyer and remit it to the government. The IGST is a self-assessed tax, which means that the supplier is responsible for calculating and remitting the tax.The IGST is a complex tax, and there are many rules and regulations that govern its application. It is important to consult with a tax professional to ensure that you are in compliance with all of the applicable laws.
Here is a brief explanation of each option:
- Option A: Central Government. The central government is responsible for collecting 60% of the IGST.
- Option B: State Government. The state governments are responsible for collecting 40% of the IGST.
- Option C: Concerned department. The concerned department is the department of the central government or the state government that is responsible for administering the IGST.
I hope this helps!