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What is GST? types of GST?

The Goods and Service Tax Act was passed in the Parliament on 29th March 2017 and came into effect on 1st July 2017. It is also known as GST. It is an indirect tax which is passed to replace or abolish many indirect taxes in India like the central excise duty, central sales tax, VAT, services tax, additional duties of custom etc.

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What is GST? types of GST?

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  1. What is GST? Types of GST - What is CGST, SGST and IGST? https://bashamakh.co/

  2. What are the 3 types of GST? CGST SGST IGST In GST the three taxes are applicable which are mentioned above which are levied as per the nature of transaction we can understand the same with the help of some examples

  3. CGST It is the tax levied by the Central Government on an intra-state sale (supply within a state) It is applicable on every supply of goods or service which are sold or renderedwithin the geographical boundary of the state/UT. The rate of CGST & SGST will always be the Same SGST It is the tax collected by the state government on an intra-state sale (supply within a state) It is applicable on every supply of goods or service which are sold or renderedwithin the geographical boundary of the state/UT.

  4.  IGST It is the tax collected by the central government on an inter-state sale (supply outside the state) It is applicable on every supply of goods or service which are sold or rendered outside the geographical boundary of the state/UT.IGST will always be imposed individually that means in this transaction other tax will not be charged . Our More GST Related Blogs 1. GST PMT 09 FOR TRANSFER OF GST TAX WRONGLY PAID FROM ONE HEAD TO ANOTHER 2. GST COMPOSITION SCHEME Contact us now! Contact (+91) 8779526602 for advice Contact Now

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