What Is The Full Form Of IGST?

By | April 12, 2022

What Is The Full Form Of IGST?

Full-Form Of  IGST Is Integrated Goods and Service Tax

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Full Form Of IGST

Some Details About IGST

IGST means Integrated Goods and Service Tax. IGST falls under Integrated Goods and Service Tax Act 2016. Revenue collected from IGST will be divided between Central Government and State Government as per the rates specified by the government. IGST will be charged on transfer of goods and services from one state to another state. Import of Goods and Services will also be deemed to be covered under Inter-state transactions so IGST will be levied on such transactions. For example, if Goods or services are transferred from Rajasthan to Maharashtra then the transaction will attract IGST.

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