What is GST?
GST (Goods and Service Tax) is indirect tax imposed in India which 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 Service Tax (CGST)
Collected By Central Government
Applicable on Intra State Supply
CGST and SGST are charged simultaneously
Governed by CGST Act,2017
State Goods and Service Tax (SGST)
Collected By State Government
Applicable on Intra State Supply
CGST and SGST are charged simultaneously
Governed by SGST Act,2017
Integrated Goods and Service Tax (IGST)
Collected By Central Government
Applicable on Inter State Supply and Import
Governed by IGST Act,2017
Union Territory Goods and Service Tax (UTGST)
Collected By Union Territory
Applicable on Intra-territory Supply
Governed by UTGST Act,2017
Delhi, Jammu and Kashmir and Puducherry do not fall in UTGST as they have their own Legislature
Unlimited Sales Invoice
Unlimited Quotation
Unlimited Purchase Order
Basic Reports
FAQs
How can buyer use GST calculator?
How is GST calculator helpful to buyer?
Why was GST introduced?
Is GST applicable on all goods and service?
Is GST mandatory?
What taxes are subsumed under GST?
What are tax slabs under the GST?
How is GST calculated manually?
On which value GST is calculated?
What is Taxable value and Invoice value?
What is Intra-state transaction and Inter-state transaction?
On which value GST is calculated?
Is GST calculated on profit?
By whom GST is borne by?
Can I get GST amount from 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?
