Question 5 – Draft-Bills-Reports – Overview of the IGST Act – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 5 – Q 5. What are the advantages of IGST Model? Ans. The major advantages of IGST Model are: a). A.Maintenance of uninterrupted ITC chain on inter-State transactions; b) No upfront payment of tax or substantial blockage of funds for the inter-State seller or buyer; c) No refund claim in exporting State, as ITC is used up while paying the tax; d) Self-monitoring model; e)
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