The taxable event for levy of IGST is the inter-state supply of...

The taxable event for levy of IGST is the inter-state supply of goods and services, including supply in the course of importation. The charging section for collection of IGST on imported goods is section 4 of the IGST Act read with section 3(8) of the Customs Tariff Act. IGST collected on imports is not a duty of customs but credited to the Major Budget head 0008 and apportioned between the Centre and States as per GST Council recommendations. Interest is payable on delayed payment of IGST, whether on inter-state supplies within India or on imports, as section 3 of the Customs Tariff Act makes IGST payable under the IGST Act. The impugned order upholding interest payability on delayed IGST payment for imports was upheld by the Appellate Tribunal.

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