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 whether the performed transaction is intrastate or interstate. What de...
What is SGST? SGST rate or State GST rate is levied on the intrastate supply of goods and services. The proceeds of which will be attributable to the States, as per the SGST Act – which is passed and recognised by the assemblies of respective States. What is IGST? IGST rate or Integra...
What is HSN code under GST?HSN stands for Harmonized System of Nomenclature which was developed by the World Customs Organization (WCO) with the vision of classifying goods all over the World in a systematic manner.WCO has 181 members, three-quarters of which are developing countries that are ...
TheGoods and Services Tax, or GST, is a comprehensive tax levied on goods and services in India. It has three components: the Central Goods and Services Tax (CGST), the State Goods and Services Tax (SGST), and the Integrated Goods and Services Tax (IGST). Once you’ve made the require...
Since July 2017, India has been following the dual-GST model, which is made up of the following components: SGST - A form of GST collected by the state government CGST - A form of GST collected by the central government When the sale of goods and services takes place within the same st...
SGST SGSU SGSUB SGSV SGSY SGT SGTA SGTB SGTC SGTC2 SGTD SGTE SGTF SGTG SGTGK SGTI SGTIN SGTL SGTM SGTMAJ SgtMajMC SGTN SGTNG SGTO SGTP SGTR SGTRF SGTS SGTSEB SGTSG SGTSI SGTT SGTU SGTW SGU SGUA SGUC SGUE SGUFM SGUI ...
The CGST and the SGST have a late fee of Rs. 100 each. Rs.5000 rupees is the maximum amount. IGST does not have a late fee. For those who file GSTR-1 and GSTR-3B, a reduced late fee of Rs. 50 per day of delay is currently applicable, whereas it is Rs. 20 for NIL returns...
Bill of Lading (BL)DemurrageTelex ReleasesReefer ContainersIGST, SGST & CGSTMarine Insurance Logistics Management Container Freight StationsContainer Yards (CY)DSV TrackingShipping Management SoftwarePort & Starboard Brian Canup Brian Canup is a former Editorial & Research Assistant at Trade Finance Global...
1. Central GST (CGST) and State GST (SGST) 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 equ...
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