<p style="text-align:justify"><span style="font-size:14px"><span style="background-color:white"><span style="color:#333333">All interstate supply of goods and services are taxed under the Integrated GST (IGST) Act. The rate of GST under the IGST Act is equal to the sum total of CGST plus SGST rates added together. The IGST is to be deposited into an IGST account administered by the central government and is distributed between the central government and the consuming states on a mutually-agreed formula.</span></span></span></p>

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<p style="text-align:justify"><span style="font-size:14px"><span style="background-color:white"><span style="color:#333333">The collection mechanism of IGST is as under:</span></span></span></p>

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<p style="text-align:justify"><span style="font-size:14px"><span style="background-color:white"><span style="color:#333333">The interstate seller can utilize the input tax credit of IGST, CGST and SGST on his/her purchases to pay IGST liability</span></span></span></p>