what is igst
is this different from sgst or
cgst
Menu
igst tax
Replies (2)
Igst is tax on taxable supplies made between parties in two different states/ Union territory.
IF the same supply is made within state sgst and cgst will be applicable. So briefly if transaction is intra state then cgst and sgst and if made inter state it is igst.
IF the same supply is made within state sgst and cgst will be applicable. So briefly if transaction is intra state then cgst and sgst and if made inter state it is igst.
IGST is a part of GST. It is integrated goods and service tax falls under Integrated Goods and service tax Act 2016 ,
IGST is levied when movements of goods takes place from one state to another. It is levied and collected by Central govt and apportioned between central and state. Articel 269A allows govt to levy gst on inter state movement of goods.
Recent Threads
- Built a tool to automate Bank Statement to Tally e
- Normal Register in GST in delhi in gujarat no rece
- ITC availment relationship
- Challan confusion in ITR B block return
- U/s 23 (2)(a) and 23 (2)(b)
- Building a Strong Financial Foundation: Key Accoun
- Long Term Capital Gains for shares
- Hiring Company Secretary Manager with 2 Years of P
- Updated Return _ Deduction
- Turf Club Veterinary Department. Procurement Manua
Related Threads
CAclubindia
