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of <h1>IGST Model Enhances Tax Neutrality, Simplifies Compliance, and Maintains Uninterrupted Input Tax Credit for Inter-State Transactions.</h1> The IGST Model offers several advantages, including maintaining an uninterrupted input tax credit (ITC) chain for inter-State transactions and eliminating the need for upfront tax payments or significant fund blockages for sellers or buyers. It removes the necessity for refund claims in the exporting State by utilizing ITC for tax payments. The model is self-monitoring, promotes tax neutrality, simplifies the tax regime, and reduces compliance burdens. It enhances compliance and collection efficiency and is adaptable to both business-to-business and business-to-consumer transactions.
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