Q 440. What are the advantages of IGST Model?


Ans. The major advantages of IGST Model are: Maintenance of  uninterrupted  ITC  chain  on inter-State transactions; No  upfront   payment   of   tax   or   substantial blockage of funds for the inter-State seller or buyer; No refund claim in exporting State, as ITC is used up while paying the tax; Self-monitoring model; Ensures  tax  neutrality  while  keeping  the…

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