TMI BlogHow will be Inter-State Transactions of Goods and Services be taxed under GST in terms of IGST method?X X X X Extracts X X X X X X X X Extracts X X X X ..... dation for adoption of IGST model for taxation of inter-State transaction of Goods and Services. The scope of IGST Model is that Centre would levy IGST which would be CGST plus SGST on all inter-State transactions of taxable goods and services. The inter-State seller will pay IGST on value addition after adjusting available credit of IGST, CGST, and SGST on his purchases. The Exporting State will ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ation is limited to inter-State dealers and Central and State Governments should be able to computerise their processes expeditiously.
f. As all inter-State dealers will be e-registered and correspondence with them will be by e-mail, the compliance level will improve substantially.
g. Model can take 'Business to Business' as well as 'Business to Consumer' transactions into account.
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