The State government has formed a five member committee under the chairmanship of Arvind Subramanian, former Chief Economic Adviser to Government of India to study the settlement pattern of Integrated Goods and Services Tax (IGST) to Tamil Nadu.
The IGST is levied and collected by the Centre on inter-State supply of goods and services and settled with the States.
Goods and Services Tax (GST) is realised fully based on consumption and the consumption is of two categories- one by the business and another directly by the consumers in the State, a government order said.
