Kerala failed to tap IGST share of Rs 25,000 crore, says report

Thiruvananthapuram: The Expenditure Review Committee appointed by the Kerala Government has said in its report that the state had lost Rs 25,000 crore over the last five years due to failure in revising the Integrated Goods and Services Tax (IGST) return forms. (IGST, which is one of the three components of Goods and Services Tax or GST, is levied when there is an inter-state transfer of goods and…