Integrated Goods and Services

Tax [IGST]

Made by
Anshuman vyas
Index to Presentation

 Introduction
 Integrated Goods and
Services Tax [IGST]
 Supply of goods and
services
 Place of supply of good
and sevices
 Input tax credit
 Zero Related good
Introduction

 UndertheCGST,SGSTandIGSTActs,allintra-
statesuppliesofGoodsandServicesarechargeable
toSGSTandCGSTwhichareequalinrate.
 InterstatesalesarechargeabletoIGSTwhichshallb
eequaltotheaggregaterateofCGSTandSGST.
 ThusunderGSTregime,salesalloverIndiawouldbe
cometaxneutral,i.e.Nodifferenceonaccountofdiffe
renceintaxRates.
IIntegrated goods and Services tax
[IGST]

 TheIntegratedGoodsandServicesTaxAct,2017
wassignedbythepresidenton12thApril,2017
IIntegrated goods and Services tax
[IGST]

andatsuchratesnotexceeding40%asmightbenotifi
edbytheCentralGovernmentontherecommendat
ionsoftheCouncilandcollectedinsuchmanneras
maybeprescribedandshallbepaidbythetaxablep
erson
Supply of goods

 in course of inter state Trade

 IGST on Goods
 Location of Supplier and Place of Supply in
different States
 Supply in the course of import till they cross the
Customs Frontiers of India
 Supply in the course of Export (supplier located
in India, place of Supply outside India
Supply of goods

 Any supplies of Goods/services to/from units

located in SEZs or developers of SEZs shall be
treated as inter-state supply for the purpose of
GST
 Any supplies of Goods/services in taxable
territory not being intra-state sale and not
covered elsewhere, shall be considered as
inter-state sale.

Place of supply

 For Post paid services –Billing address of the

recipient.
 For prepaid services, place of business of the
supplier from where the voucher is purchased.
 In other cases, address of recipient as per
records of the supplier of service.
 In case of Fixed Line/D2H Television place
where the fixed line/antennae/cable connection
etc is installed for provided for providing the
services.
Place of supply
 Online information database access and
retrieval services
 With respect to OIDARS place of provision of
Service shall be the location of recipient of
service.
 Person located in the non-taxable territory
(supplier) shall be liable to pay IGST.
 Any person located in taxable territory
representing such person shall take
registration and pay IGST on behalf of such
person.
Place of supply
 If such person does not have a physical
presence or representative in taxable territory,
he may appoint a person in the taxable for the
purpose of paying IGST.

Input Tax Credit

 Adjusted against liability of IGST

 Adjusted against liability of SGST or CGS if
credit is still left
 Input credit of SGST
 Adjusted against output SGST
 Adjusted against liability of IGST
 Input credit of CGST
Input Tax Credit

 Adjusted against output liability of CGST

 Adjusted against output liability of IGST
Zero rated supplies

 As per section 16, the following two types of

supplies shall be treated as zero rated
supplies: -
 Export of goods or services or both;
 Supply of goods or services or both to a unit
located in Special Economic Zone (SEZ)or a
developer of SEZ
GST PORTAL

 GST Portal is a platform or usage space,

which provides the Goods and Service Tax
Network (GSTN) which is the back bone of
the GST Portal, the IT field to make interaction
between the taxpayers and the government.
The entire process of GST is online starting
from registration to the filing of returns.
GST Ecosystem

 GST Ecosystem. Goods and Service Tax

(GST) is a destination based tax on
consumption of goods and services. ... All such
applications are expected to be developed by
third party service providers who have been
given a generic name, GST Suvidha Provider
or GSP.
thank you