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SGST on supply of service
Why SGST levied on supply of services, as the SGST is the replacement of VAT and other local state tax and service not liable to VAT and other local state taxes.
Replies (4)
SGST is not a replacement of VAT. It is replacement of excise, vat and service tax, and few other state taxes. At present, service tax applies on all services which is collected by Central Government. After GST, GST will be collected by both Central Government and State Governments. The rates are finalised accordingly and no additional burden would be there on services or goods.
Ok thank you Mr.pratik and CGST is replacement of which taxes ?
CGST and SGST are just the parts of total GST levied under GST law... there are no one-to-one taxes replaced by earlier taxes...
no one to one taxes will be replaced by earlier taxes. both cgst and sgst are part of gst
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