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cgst nd sgst ..

CGST 180 views 7 replies

Music Industry

6 Points Joined September 2017

the CGST nd SGST/IGST implemented on any goods or services are same then why there is different collection amount for CGST nd SGST in same month?

Replies (7)

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

Yes...
You are asking good question...

I'm not confirm it. But, In my view..

Just small assuming.,

VAT as SGST....
CST as IGST...... &
CE & ST as CGST.....

Am I right thinking or not.... bro...?

in today's times of india there was a article on business page that shows the different amount for both i.e.; cgst nd sgst i didn't get cleared how the rate would flactuate as the %age of gst enacted on goods nd services are same.

Srishti vats

article

146 Points Joined December 2015

cgst is on goods and agar is also on goods in the same percentage

Music Industry

6 Points Joined September 2017

then there should be the same amount of collection in a same month ...srishti vats

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

@ Srishti Vats.,
I don't know Hindi.,
I assume your reply ...

The difference may be cleared by compensation law from Center to State...

Srishti vats

article

146 Points Joined December 2015

To determine whether Central Goods & Services Tax (CGST), State Goods & Services Tax (SGST) or Integrated Goods & Services Tax (IGST) will be applicable in a taxable transaction, it is important to first know if the transaction is an Intra State or an Inter-State supply.

CA Rashmi Gandhi

Chartered Accountant

86500 Points Joined April 2011

CGST is amount of tax for Central Govt....

SGST is for State Govt...

While IGST is consolidated fund which is given to Central & State Govt as required.