IGST framework for inter-state supplies: Centre levies IGST with cross-credit adjustments and central clearing transfers. Inter State supplies are subject to levy of Integrated Goods and Services Tax (IGST) collected by the Centre, representing combined central and state tax on inter State transactions. Suppliers pay IGST after adjusting available credits of IGST, CGST and SGST on purchases. The exporting State transfers SGST credit used to pay IGST to the Centre, and the Centre transfers the IGST component to the importing State for SGST credit; a central clearing mechanism verifies claims and instructs transfers.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
IGST framework for inter-state supplies: Centre levies IGST with cross-credit adjustments and central clearing transfers.
Inter State supplies are subject to levy of Integrated Goods and Services Tax (IGST) collected by the Centre, representing combined central and state tax on inter State transactions. Suppliers pay IGST after adjusting available credits of IGST, CGST and SGST on purchases. The exporting State transfers SGST credit used to pay IGST to the Centre, and the Centre transfers the IGST component to the importing State for SGST credit; a central clearing mechanism verifies claims and instructs transfers.
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