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...
CGST = Total GST amount / 2 (assuming equal CGST and SGST rates) = ₹1800 / 2 = ₹900 Therefore, the CGST amount levied on this transaction is ₹900. Check out Razorpay’s GST Verification tool, a powerful resource for streamlining GST number verification and searching for Central and...
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 theCGST Act. ...
GST rates plus tax amount segregated into CGST/SGST/IGST/UTGST/cess Reverse charge if applicable Discounts, if any Handwritten or digital signature of the supplier or authorised representative If the recipient is not registered under GST and the invoice value exceeds ₹50,000, then the invoicing...
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...
One difference between CGST, SGST & IGST are different names for same tax. The tax levying authority & place of sale is different . Learn more!
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...
It is electronically created through theGSTNon the E-way bill portal. When an eway bill is generated, a unique E-way Bill Number (EBN) is allocated and is available to the supplier, recipient, and the transporter. Furthermore, E-waybill can also be generated or cancelled through SMS, Andr...
quarterly returns (GSTR-1, GSTR-2, GSTR-3B) filed by the taxpayer at the end of the year. It is also applicable on those taxpayers who are registered under the composition scheme. It shows the details of outward/inward supplies made in the previous year underCGST, SGST, IGST &HSN ...
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 ...