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of <h1>IGST Act 2017: Tax on Inter-State Supplies Excludes Alcohol; Reverse Charge Mechanism for E-commerce Operators.</h1> The Integrated Goods and Services Tax Act, 2017, mandates a tax on inter-State supplies of goods or services, excluding alcoholic liquor for human consumption and certain other specified items, with rates up to 40% as recommended by the Council. The tax on imports aligns with the Customs Tariff Act, 1975. Petroleum products will be taxed from a date set by the government. The Act allows for reverse charge mechanisms, where the recipient or electronic commerce operator pays the tax. If an e-commerce operator lacks a physical presence, a representative must be appointed to fulfill tax obligations.
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