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cgst nd sgst ..
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)
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...?
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.
cgst is on goods and agar is also on goods in the same percentage
then there should be the same amount of collection in a same month ...srishti vats
@ Srishti Vats.,
I don't know Hindi.,
I assume your reply ...
The difference may be cleared by compensation law from Center to State...
I don't know Hindi.,
I assume your reply ...
The difference may be cleared by compensation law from Center to State...
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.
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.
SGST is for State Govt...
While IGST is consolidated fund which is given to Central & State Govt as required.
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