IGST, SGST and CGST are taxes under the GST regime. Read here to understand all you need to know about these taxes.
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.
2. IGST/CGST/SGST/UTGST IGST or CGST or SGST or UTGST, in short, is all about GST only. GST is a destination-based consumption tax. It applies to all transactions involving the supply of goods or services for consideration. GST in India explained with the following terms: 1)IGST: I...
GST is designed to simplify tax collection by applying tax at multiple stages, only on added value, and at the point of consumption. Below, we’ll walk through these features to show how GST works across the supply chain, ensuring a fair and efficient tax process. 1. Multi-Stage Taxation ...
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 of interstate suppli...
Under GST, an input service distributor (ISD) can be the registered person's head office, branch office, or registered office. ISD distributes the input tax credit to all recipients under various headings, such as CGST, SGST/UTGST, IGST, or cess, on all purchases....
CGST, SGST,UTGST, IGST,CESS, Value of inward supplies on which tax is payable under reverse charge. Rates of Tax for Composition Scheme Manufacturers other than manufacturers of such goods as may be notified by the government, i.e., ice cream, pan masala and tobacco ...
aggregates the ITC from all purchases and allocates it to different branches based on their requirements. The distribution occur under different tax categories likeCGST, SGST/UTGST, IGST, or cess. This ensures that each branch receives the appropriate amount of ITC to offset their tax liabilities...
Applicable GST tax rate and others (SGST/UTGST, CGST, IGST) In case the sale made is lower than INR 200/-, issuing a Tax Invoice is not mandatory. In case of multiple sales under INR200/- on different dates to the same buyer, you can consolidate the invoices and share them day-wise...
GST GST Software, GST Calculator, GST on Freight, GST on Ecommerce, GST Impact on TCS, GST Impact on TDS, GST Exempted Goods & Services, Reverse Charge Mechanism in GST, GST Declaration Types of GST CGST, SGST, IGST, UTGST, Difference between CGST, SGST & IGST GST Rates & Charges G...