Difference between ITC Ledger of Tax Payer and Intra State Sales under GST terms
What is Intra State Sales? How does ITC Ledger of Tax Payer work under GST regime? What are the difference between Intra State Sales and ITC Ledger of Tax Payer?
Under GST system, the following information explains about Intra State Sales and ITC Ledger of Tax Payer.
As per GST terms Intra State Sales also known as sales within the state. State GST would replace State VAT, Entry tax, Octopi, Luxury tax, etc. SGST would be levied on services as well to enable taxing of services by the State. Input Tax Credit as self-assessed in monthly returns will be reflected in this ledger. The credit of this ledger can be used for payment of TAX ONLY and not for payment of interest, fines, fees etc.
The details about Intra State Sales and ITC Ledger of Tax Payer with simple language from GST terms have been mentioned in this web blog separately. I suggest you to read these articles on Intra State Sales and ITC Ledger of Tax Payer, so as to enable you to have a clear idea on these GST terms.
For your immediate reference, we give below web links on Intra State Sales and ITC Ledger of Tax Payer separately below. You may kindly read the below links to know more about ITC Ledger of Tax Payer and Intra State Sales.
Term Intra State Sales under GST
Meaning of ITC Ledger of Tax Payer under GST
The above information easily explains about ITC Ledger of Tax Payer and Intra State Sales.
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