Question

what is the IGST?.....​

Answer 1

Answer:

IGST is a part of Goods and Service Tax (GST).IGST means Integrated Goods and Service Tax, one of the three categories under Goods and Service Tax (CGST, IGST and SGST) with a concept of one tax one nation. ... IGST is charged when movement of goods and services from one state to another.

Answer 2

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When trading of goods and services takes place between two or more states, the GST is levied only by the Central Government, and it is termed as IGST, hence the total amount is paid to the Central Government. Suppose if a trader buys goods from another state and sells them in his state, then let us see how he can avail of the ITC, which he has paid as IGST at the time of purchase.