IGST (Integrated GST)

Definition

IGST is the GST collected on supplies of goods and services between different states (inter-state transactions) and on imports into India. Unlike intra-state transactions (which have CGST + SGST), inter-state transactions attract only IGST at the full GST rate. The IGST collected is then apportioned between the central and state governments through a settlement mechanism. For exports, IGST is charged but can be claimed as a refund.