Briefly explain the following features of GST law in India : Integrated Goods and Services Tax.
CS Professional · Advanced Tax Laws and Practice · PYQS · December 2018
Briefly explain the following features of GST law in India : Integrated Goods and Services Tax.
Answer & Explanation:
Integrated Goods and Services Tax (IGST) is charged on inter-state supply of goods or services or both and collected by Central Government under IGST Act, 2017. IGST rate is equal to CGST and SGST rates. Revenue from IGST apportions among Union and State Governments on the basis of recommendations of GST council.
Topics: Integrated Goods and Services Tax Act, 2017
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