CAG report lays bare gaps in IGST settlement. Time to retool?

Integrated Goods and Services Tax (IGST) on all inter-state supplies and import of goods and services is levied on the basis of the returns filed on the GSTN portal. Taxpayers have the option to use input tax credit (ITC) of IGST for payment of central or state GST. IGST is collected by the Centre and apportioned between the Centre and states, in line with the GST settlement ru…