Union government in a recent circular has refused to provide Integrated Goods and Services Tax (IGST) refund to exporters since it has already paid them a drawback on the taxes they have paid.
About:
IGST meaning Integrated Goods and Service Tax, is one of the three categories under Goods and Service Tax (CGST, IGST and SGST) with a concept of one tax one nation.
IGST falls under Integrated Goods and Service Tax Act 2016.
IGST is charged when movement of goods and services from one state to another. For example, if goods are moved from Tamil Nadu to Kerala, IGST is levied on such goods.
The revenue out of IGST is shared by state government and central government as per the rates fixed by the authorities.
Under Article 269A of the Constitution,
The GST on supplies in the course of interState trade shall be levied and collected by the Government of India and
such tax shall be apportioned between the Union and the States according to the provisions of law on the recommendations of the Goods and Services Tax Council.
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