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IGST

IGST
abbreviation★Intermediate— Integrated Goods and Services Tax
⚖️Law
technical

A tax levied on the supply of goods and services in India where the supplier and recipient are located in different states (inter-state transactions).

IGST का भुगतान करने के बाद, व्यापारी CGST और SGST को भी दर्ज कर सकते हैं।

After paying IGST, traders can also record CGST and SGST.

💡

IGST is part of India's GST system and is applicable only to inter-state transactions.

Collocations

IGST rateIGST rateIGST returnIGST return

Synonyms

अंतरराज्यीय GSTIGST कर

Related Phrases

CGST और SGSTphrase
Central GST and State GST

💡Pro Tip

IGST vs. CGST/SGST

IGST is charged on inter-state transactions, while CGST and SGST apply to intra-state transactions.

⚡Gold Rule

IGST Applicability

IGST is applicable only when goods or services are supplied from one state to another.

📖Word Origin

Derived from 'Integrated Goods and Services Tax' as part of India's GST reform.

📝Usage Notes

IGST is distinct from CGST (Central GST) and SGST (State GST), which apply to intra-state transactions.

Word Breakdown

I
Integrated
prefix
+
GST
Goods and Services Tax
root
हिन्दी-अंग्रेज़ी शब्दकोश

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