How to distinguish between Central Excise Tax and IGST?
What is Central Excise Tax? How does IGST work? What is the difference between IGST and Central Excise Tax?
The expansion of the word IGST is Integrated Goods and Service Tax. IGST is a part of GST system implementing by 2017. Central Excise Tax is being abolished when GST implements. Central Excise Tax is collected at the time of movement of goods on manufacturing products at Factory. IGST is collected at the end stage of distribution of goods, that means at end user stage.
The details about IGST and Central Excise Tax is mentioned in simple language with easy understanding for a layman in this web blog. You may click below links to know more:
How does IGST work?
What is Central Excise Tax?
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