IGST, SGST and CGST are taxes under the GST regime. Read here to understand all you need to know about these taxes.
SGST / UTGST- State GST / Union Territory GST IGST - Integrated GST What is CGST? CGST rate or Central GST rate is levied on the intrastate supply of goods and services. The proceeds of which will be attributable to the Centre, as per the CGST Act. What is SGST? SGST rate or State...
One difference between CGST, SGST & IGST are different names for same tax. The tax levying authority & place of sale is different . Learn more!
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...
Inter-state transactions utilize Integrated GST (IGST), which combines CGST and SGST and is levied by the Central Government on goods and services supplied across state lines. IGST ensures that taxes paid on inter-state supplies are credited to the importing state while the exporting state collects...
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...
A Brief explanation about IGST IGST is a part of Goods and Service Tax (GST). IGST means Integrated Goods and Service Tax, one of the three categories under Goods and Service Tax (CGST, IGST and SGST) with a concept of one tax one nation. IGST falls under Integrated Goods and Service ...
The Tax journal with a tax component of IGST and the posting type as Tax Payable is posted with SGST and CGST with zero amount. The Tax transaction inquiry page allows only 11 fields to be selected. GSTR2 takes the bill of entry posting date instead of the posting date for the impor...
CGST: Rs. 56,000 SGST: Rs. 56,000 Cess: Rs. 4,000 Total cost:Rs. 516,000 The GST Cess should be calculated based on the price of the goods. The GST Cess should be levied in addition to the GST taxes, i.e., CGST + SGST/UTGST in case of intrastate supplies and IGST in case...
Enter the CGST/IGST applicable rates. IGST will be applicable for inter-state transport and SGST / CGST for intra-state transport. Enter the approx transportation distance, which will determine the validity of the E-way bill. Submit eWay Bil Online ...