Quick Summary
The Commercial Taxes Department of Tamil Nadu has successfully recovered ₹1,523.95 crore under the Integrated Goods and Services Tax (IGST), thanks to the diligent work of its newly established Tax Research Unit. The IGST, levied and collected by the Centre on inter-State supply of goods and services, is a complex system with a settlement mechanism that has posed challenges for many states. Breakdown of IGST and its Settlement Mechanism The IGST settlement process involves crediting the ta
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience.
FAQ :
Tamil Nadu has recovered ₹1,523.95 crore under the Integrated Goods and Services Tax (IGST).
The IGST is levied and collected by the Centre on the inter-State supply of goods and services.
The Tax Research Unit was established to analyse IGST patterns, identify unclaimed credits, and work towards recovering them for the state.
The unit identified approximately ₹3,046 crore in unclaimed IGST credit with the Central government.
The Commercial Taxes Department has partnered with IIT-Hyderabad for Big Data analytics and appointed a panel chaired by Arvind Subramanian to study IGST settlement patterns.
The Tax Research Unit will continue to scrutinise IGST data, and the department aims to further optimise the IGST recovery process through data analysis and strategic collaborations.
CAclubindia
