Central GST (CGST)is levied by the central government on transactions occurring within a single state. In contrast,State GST (SGST)is imposed by state governments on the same intra-state transactions. Typically, the rates of CGST and SGST are equal, making the total GST rate a combination of...
9992 Services granted by the Indian Institutes of Management, according to the guidelines of the Central Government, to their students, in the form of given below educational programmes, besides Executive Development Programme(a) Provide for the Post Graduate Diploma in Management, a two-year full-...
The single type of tax, the IGST, is included in the 18% tax rate. The merchant must charge IGST of ₹9,000 in this situation. The central government will get these funds. Interstate GST calculation A Gujarati customer purchases products from the same merchant for ₹50,000. Goods are...
Central Government Jobs(180) Central Govt Holiday Homes(6) CGDA(124) CGHS(492) CPSE(74) CSD(73) CSS(116) DA Over 50%(124) Dearness Allowance(730) Dearness Relief(101) Defence(650) Directorate of Estates(65) DOPT Orders(1,535) ...
The petitioner said that the respondent did not pass on the benefit of a lower GST rate to the consumer as granted under Notification issued by the Central Government as well as State Government on 14 November 2017. Therefore the respondent is allegedly found profiteering and violating the ...
Levied by the central government on intrastate transactions, CGST applies to the supply of goods and services within state boundaries. SGST (State Goods and Services Tax) Similar to CGST but imposed by state governments on intrastate transactions. Revenue from SGST is collected by the respective sta...
A key aspect of GST is the categorization of goods and services into different tax rate slabs. These slabs are essential for determining consumer prices and government tax revenue. Understanding these rates is crucial for businesses to price their products correctly and for consumers to be aware of...
The GST council, consisting of the central and state government representatives, decides on the tax rate and any changes to the GST law. GST News Updates month-wise 2024-25 GST News Updates month-wise 2023-24 GST News Updates month-wise 2022-23 GST News Updates month-wise 2021-22 GST ...
EnglishEspañolDeutschFrançaisItalianoالعربية中文简体PolskiPortuguêsNederlandsNorskΕλληνικήРусскийTürkçeאנגלית 9 RegisterLog in Sign up with one click: Facebook Twitter Google Share on Facebook ...
The tax is included in the final price and paid by consumers at point of sale and passed to the government by the seller. The GST is usually taxed as a single rate across a nation. Governments prefer GST as it simplifies the taxation system and reduces tax avoidance. ...