IGST, concept of ‘supply’ instead of ‘sale ‘ and reduction of distinction between goods and
services are game changers :-
IGST is a novel idea in the GST structure.
Indeed concept of IGST, changing tax incidence on ‘supply’ instead of on ‘sale’ and elimination of distinction between goods and services are key concepts in GST.
These will completely alter the present tax scenario.
Advantage of IGST is that taxes will move along with goods and services, eliminating need for obtaining refund of taxes in case of inter-state transactions.
Inter-state movement of goods will be smooth and hassle free.
Distinction between goods and services will be considerably reduced, except in cases relating to place of supply and time of supply. This will considerably reduce present ambiguities and litigation.