THE INTEGRATED GOODS AND SERVICES TAX BILL, 2017.

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Integrated goods and services tax introduced for inter State supplies, imports, place of supply rules, zero rating and tax apportionment. The Act levies an integrated goods and services tax on inter State supplies and imports, establishes administrative powers and definitions, sets detailed tests for inter State versus intra State classification and place of supply for goods and services (including online and cross border services), provides reverse charge and electronic commerce operator liability rules, permits exemptions and tourist refunds, creates zero rating options for exports and Special Economic Zone supplies with refund mechanisms, and prescribes apportionment, settlement and transfer of integrated tax and input tax credit between Central, State and Union territory accounts, while applying key provisions of the Central Goods and Services Tax Act by adaptation.