Question

What is IGST?

• A. Indian Goods and Service Tax
• B. Intermediate Goods and Service Tax
• C. Interstate Goods and Service Tax
• D. Integrated Goods and Services Tax

Answer 1

The correct option is D Integrated Goods and Services Tax

IGST is Integrated Goods and Service Tax. When goods and services are traded between two different states, it is known as interstate trade. For interstate trade, the central government imposes and collects IGST.