Integrated Goods and Services Tax" (IGST) means tax levied under the IGST Act on the supply
of any products and additionally services in the course of inter-State trade or commerce.
IGST might be levied and collected by Center on inter-state supplies. IGST would be extensively
CGST in addition to SGST and should be levied on all inter-State taxable supplies of merchandise
and ventures. The inter-State seller will pay IGST on value expansion after changing available credit
of IGST, CGST, and SGST on his purchases. The Exporting State will transfer to the Center the credit
of SGST used in payment of IGST. The Importing dealer will assert credit of IGST while releasing his
yield tax obligation in his own State. The Center will transfer to the bringing in State the credit
of IGST used in payment of SGST. The relevant information is additionally submitted to the Central
Agency which will go about as a clearing house mechanism, verify the cases and inform the respective
governments to transfer the assets.