Vol. 7 No. 2 (2017): Vol 7, Iss 2, Year 2017
Articles

An overview of the integrated goods and services tax act in india

TAMILSELVY T
Research scholar Department of Commerce Pondicherry University
Published June 30, 2017
Keywords
  • Integrated goods and services tax, levy and collection, supply of goods and services
How to Cite
T, T. (2017). An overview of the integrated goods and services tax act in india. Journal of Management and Science, 7(2), 375-378. https://doi.org/10.26524/jms.2017.58

Abstract

GST focuses on the concept of one tax, one nation. IGST stands for Integrated Goods and
Services Tax which is charged on the supply of commodities and services from one state to
another state. Under Article 269A of the Indian Constitution, the inter-state trade and
commerce activities that involve the movement of commodities and services shall be levied
with an integrated tax (IGST) under the GST regime. The Government of India will collect
the revenue under IGST. Further changes can be made by the Goods and Services Tax
Council of India. This paper presents an overview of IGST concept, along with levy and
collection of integrated goods and services tax.

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