CGST, SGST, IGST & UTGST are the 4 components or types of GST with a concept of one tax one nation. Read the details of CGST, SGST, IGST & UTGST.
The full form of GST isGoods and Services Tax. It is an indirect tax levied on the supply of goods and services across India. This comprehensive tax system is designed as a multi-stage, destination-oriented tax applied at each point of value addition in the supply chain. By replacing multi...
CGST Central goods and services tax. GST replaces which taxes? Before the introduction ofGST, there were multiple taxes, such as the service tax, central excise, and state value-added tax (VAT). However, GST is just one tax with three categories—IGST, SGST, and CGST—that depend on whe...
If you have accumulated such credits during this month, (also known as TDS/TCS credits) they are captured under this section under different tax heads (IGST, CGST, SGST/UTGST).After filling in all these details, the GSTR-3B form can be submitted after being signed by the authorized ...
Bill of Lading (BL)DemurrageTelex ReleasesReefer ContainersIGST, SGST & CGSTMarine Insurance Logistics Management Container Freight StationsContainer Yards (CY)DSV TrackingShipping Management SoftwarePort & Starboard What is a bill of lading? In international trade, the bill of lading (BoL), often ref...
1. Who is eligible for ITC in GST? A registered taxable individual or entity that pays applicable taxes during business activities can claim ITC. 2. What is meant by input tax? Input tax includes CGST, SGST, IGST, UTGST, and taxes under the reverse charge mechanism. It excludes taxes pai...
Is proforma invoice allowed in GST? Yes, proforma invoices are allowed under the GST law with the addition of GST registration number, GST Classification into CGST, IGST, and SGST, and information regarding SAC codes of services or HSN codes of goods. However, you need a tax invoice for GST...