What is GST?
GST (Goods and Services Tax) is an indirect tax in India that is levied on the supply of goods and services. GST came into effect on 1st July 2017 and replaced most indirect taxes such as Service Tax, VAT, Excise Tax, etc. GST is applied at each stage of production and distribution, based on value addition, and it is destination-oriented.
Central Goods and Services Tax (CGST)
Collected by the Central Government
Applicable on intra-state supply
CGST and SGST are charged simultaneously
Governed by the CGST Act, 2017
State Goods and Services Tax (SGST)
Collected by the State Government
Applicable on intra-state supply
CGST and SGST are charged simultaneously
Governed by the SGST Act, 2017
Integrated Goods and Services Tax (IGST)
Collected by the Central Government
Applicable on inter-state supply and imports
Governed by the IGST Act, 2017
Union Territory Goods and Services Tax (UTGST)
Collected by the Union Territory
Applicable on intra-territory supply
Governed by the UTGST Act, 2017
Delhi, Jammu and Kashmir and Puducherry do not fall under UTGST as they have their own legislature
Unlimited Sales Invoice
Unlimited Quotation
Unlimited Purchase Order
Basic Reports
FAQs
How can a buyer use the GST calculator?
How is the GST calculator helpful to a buyer?
Why was GST introduced?
Is GST applicable on all goods and services?
Is GST mandatory?
What taxes are subsumed under GST?
What are tax slabs under the GST?
How is GST calculated manually?
On which value is GST calculated?
What are taxable value and invoice value?
What are intra-state and inter-state transactions?
On which value is GST calculated?
Is GST calculated on profit?
Who bears GST?
Can I get the GST amount from the invoice value and GST rate?
Who can claim refund in GST?
What is ITC (Input Tax Credit) in GST?
What is GST return?
What is HSN code in GST?
