GST Query

What is CGST all about :

• Full form of CGST is Central Goods and Service Tax
• CGST is charged on Local Sales within State
• It is charged and collected by Central Government
• It replaces taxes like Central Excise and Service tax

What is SGST all about :

• Full form of SGST is State Goods and Service Tax
• SGST is also charged on Local Sales within State
• It is charged and collected by State Government
• It replaces taxes like VAT, Luxury tax and Entertainment tax

What is Integrated GST all about :

• Full form of Integrated GST is Integrated Goods and Service Tax
• IGST is charged on Central Sales (Sales Outside State)
• It is charged and collected by Central Government on Interstate Supply of Goods and Services
• It replaces taxes like CST(Central Sales Tax)