IGST (Integrated GST) is a tax levied on the supply of goods and services that are made from one state to another. It ensures the flow of input tax credit in different states. The taxpayer has to deal directly with the central government of each state to settle the tax amount which makes the process much simpler and easier.
GST, a unified tax regime for indirect taxes. This is perhaps the biggest tax reform in the regime of indirect taxes as it succeeds a number of indirect taxes that are applicable under the current regime.
The taxation framework in India is about to experience a radical shift once the GST (Goods and Services Tax) system takes over.
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