The full form of igst is integrated goods and services tax. This tax is collected by the central government and later shared with the. Learn how to calculate igst, formula with example and benefits.
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Under gst, igst is a tax levied on all interstate supplies of goods and/or services or across two or more. Therefore, in simple words, igst is paid by the receiving person, collected by the sender, given to the central government, and distributed between central and state governments. Igst, or integrated goods and services tax, is levied on the interstate supply of goods and services.
