https://www.taxtmi.com/article/detailed?id=6881 Integrated Goods and Services Tax (IGST) imposes a central tax on supplies in the course of inter state trade or commerce, including imports and exports deemed inter state. The model requires the inter state seller to pay IGST on value addition after adjusting available credits of IGST, CGST and SGST; exporting States transfer SGST credit to the Centre and the Centre transfers IGST credit to importing States. A Central Agency functions as a clearing house to verify claims and facilitate fund transfers, while definitions and certain CGST provisions are applied to IGST for consistency. en-us Mon, 04 Jul 2016 16:45:06 +0530 Mon, 04 Jul 2016 16:45:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6881 Integrated Goods and Services Tax (IGST) imposes a central tax on supplies in the course of inter state trade or commerce, including imports and exports deemed inter state. The model requires the inter state seller to pay IGST on value addition after adjusting available credits of IGST, CGST and SGST; exporting States transfer SGST credit to the Centre and the Centre transfers IGST credit to importing States. A Central Agency functions as a clearing house to verify claims and facilitate fund transfers, while definitions and certain CGST provisions are applied to IGST for consistency. Articles Goods and Services Tax - GST Mon, 04 Jul 2016 16:45:06 +0530 https://www.taxtmi.com/article/detailed?id=6881