Difference between CGST and IGST

 

Click here to know GST rates in India under 5 slabs

 

Difference between IGST&CGST

 


Difference between CGST and IGSTCGST and IGST are part of GST, Goods and Service Tax.

 


CGST expands as Central Goods and Service Tax and IGST is the short form of Integrated Goods and Service Tax.


Different indirect taxes of Central Excise Duty, Central Sales Tax CST, Service Tax, Additional excise duties, excise duty levied under the medical and toiletries preparation Act, CVD (Additional Customs duty – Countervailing Duty), SAD (Special Additional Duty of customs) surcharges and cesses are merged with CGST. Under IGST, the taxes for movement of goods and services from one state to another are collected.


Major share of tax revenue under CGST is meant for central government where as IGST tax revenue is shared between State government and Central government as per the rate fixed by the authorities.


More explanation about  CGST and IGST is given under to read:

 

Click here to know GST rate on Goods and Services

GST Exemption list of goods and services

Find HSN number or Service tariff code for GST

GST registration guidelines

Indian GST Laws

How to export your goods?

How to define IGST?


How does  CGST work?

 


The above information differentiates CGST and IGST. Share below your comments about this brief difference between CGST&IGST.

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How to get Export Order?

Export benefit schemes in India

Export procedures and documentation

 

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How to obtain waiver on detention/ demurrage on imported goods/container from Shipping company/CFS

How does a Running bond work?

How does Bill of Lading work in DP payment terms?

How does Bill of Lading work in Sight LC

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Why need Certificate of Origin

Why prefer exports?

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Import General Manifest (IGM)

Transferability of Bill of Lading

Is Customs House Agents (CHA ) required to be appointed mandatory?

 

 

Is DP terms of payment safe in export business?

Is Letter of Credit LC safe for an Importer?

Is ON BOARD CERTIFICATE required for LC negotiation

Why to insure export goods?

Why, best attention while preparing Export Invoice?


Comments


Raghunathan: I want to know whether the "C form" will contiue to be insisted upon as proof of interstate goods movement. How will it ork in case of Services rendered- eg. a servie engineer goes from chennai for repair of goods in Mumbai. Is it IGST covered or GST covered?

Dhaval Chhadva: Hello, Are states allowed to charge more than the rate specified under IGST. For e.g. Goods were sent from Maharashtra to Karnataka. In such a scenario IGST will be charged. However can Karnataka apply additional GST CESS for such goods consumed. Additional Queries: will Producer in Maharashtra collect the tax and pay it in IGST account of Karnataka. Regards, Dhaval C.

MD KHUSTAR REZA: in which condition cgst will be ammendment

Amit malhotra : What is the actual difference of igst with cgst

M R RANGANNA: different between igst &cgst

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