How to differentiate Inter State supplies with Taxable Territory?
What are Inter State supplies? How does Taxable Territory work under GST regime? What are the difference between Inter State supplies and Taxable Territory?
Under GST system, the following information explains about Inter State supplies and Taxable Territory.
As per GST terms, Inter State supplies IGST would be levied on all supplies of goods or services in the course of inter-state trade or commerce. IGST would be applicable to import of goods or services from outside country as well, which is indicated in the Constitutional Amendment Act, 2016. “Taxable Territory” means the territory to which the provisions of Central Goods and Service Tax Act, 2017 apply.
The details about Inter State supplies and Taxable Territory with simple language from GST terms have been mentioned in this web blog separately. I suggest you to read these articles on Inter State supplies and Taxable Territory, so as to enable you to have a clear idea on these GST terms.
For your immediate reference, We give below web links on Inter State supplies and Taxable Territory separately below. You may kindly read the below links to know more about Taxable Territory and Inter State supplies.
Inter State supplies under GST
Meaning of term Taxable Territory under GST
The above information easily explains about Taxable Territory and Inter State supplies.
I hope, you have satisfied with the difference between Inter State supplies and Taxable Territory explained above. Do you have different thought on difference between Taxable Territory and Inter State supplies?
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