Which type of gst {sgst, cgst & igst} applicable

IGST 237 views 4 replies
There are 3 type of gst {sgst, cgst & igst}. if we are selling goods within the state then what type of gst will be applicable either sgst & cgst or only sgst. Same in case of sale outside state what type of gst will be applicable.
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" if we are selling goods within the state then what type of gst will be applicable either sgst & cgst or only sgst."

Ans. SGST + CGST.

 

"Same in case of sale outside state what type of gst will be applicable.  "

Ans. IGST

Thanks a lot.
Is it possible to get this information from official site,? as my boss always needs document proof

Q 8. What type of GST is proposed to be implemented?

Ans. It would be a dual GST with the Centre and States simultaneously levying it on a common tax base. The GST to be levied by the Centre on intra-State supply of goods and / or services would be called the Central GST (CGST) and that to be levied by the States/ Union territory would be called the State GST (SGST)/ UTGST. Similarly, Integrated GST (IGST) will be levied and administered by Centre on every inter-state supply of goods and services.

Q 9. Why is Dual GST required?

Ans. India is a federal country where both the Centre and the States have been assigned the powersto levy and collect taxes t h r ou g h a p p r o p r i a t e legislat ion. Both t h e l e v e l s of Government have distinct responsibilities to perform according to the division of powers prescribed in the Constitution for which they need to raise resources. A dual GST will, therefore, be in keeping with the Constitutional requirement of fiscal federalism.

Q 10. Which authority will levy and administer GST? Ans. Centre will levy and administer CGST & IGST while respective states /UTs will levy and administer SGST/ UTGST.

Read: https://www.aces.gov.in/Documents/faq-on-gst.pdf

A manufacturing is purchasing raw material from other state and puroducing and selling in state where he is registered.

on his purchase ,he will pay igst and on sales,he will collect sgst and cgst. correct ?

Now tax to be paid to government would be (sgst+cgst)-(igst)=Tax to be paid to Govt.

Am I correct ?


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