CGST 2.5% ₹2,000 SGST 2.5% ₹2,000 Your gross price will be ₹84,000 Understanding GST Calculation with an Example A manufacturer produces electronic components (18% tax rate applicable) worth ₹2,000 and sends them to a logistics company for distribution. The logistics company adds...
CGST Central Goods and Services Tax (CGST) - This is applicable to the transactions done within state boundaries or at the intrastate level. SGST State Goods and Services Tax (SGST) - Very much like CGST, this tax is also applicable to the transactions done within state boundaries or at the...
In Intra-State, a purchaser has to accumulate both CGST and SGST from the buyer. Inter-State If the supply of goods or services is being placed within two different states, or if the buyer and the seller are from different states, it will be inter-state. In an Inter-State transaction,...
Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), Union Territory Goods and Services Tax (UTGST), and Integrated Goods and Services Tax (IGST) are the four types of GST (IGST). Central Goods and Services Tax (CGST): The Central Goods and Services Tax (CGST)...
SGST,CGST, andIGSTare the 3 types of GST implemented in India. While CGST and SGST are applicable tointrastate transactionswhereas IGST is applicable tointer state transactions. Q. What is CGST, IGST, and SGST? CGST, IGST, and SGST are the 3 kinds of GST that are applied based on the ...
TallyPrime is a complete business management software to manage your business easily, faster, and efficiently. Access to complete features, from billing to insightful reports. Accounting and Billing | Inventory Management | Insightful Business reports | GST Returns and reconciliation | Connected e-invoic...