Difference between IGST and SGST

 

How to differentiate SGST and IGST


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

 

SGST expands as State Goods and Service Tax and IGST is the short form of Integrated Goods and Service Tax.


Different indirect taxes like State Sales Tax, VAT, Luxury Tax, Entertainment tax (unless it is levied by the local bodies), Taxes on lottery, betting and gambling, Entry tax not in lieu of Octroi, State Cesses and Surcharges in so far as they relate to supply of goods and services etc. are subsumed with SGST.


Under IGST, the taxe for movement of goods and services from one state to another is collected.


The tax revenue collected under SGST is meant for State Government whereas the tax revenue of IGST is shared between State government and Central government as per the rate fixed by the authorities.

 

More details about difference between SGST and IGST is given under to click:

 

Click here to know GST rate on Goods and Services

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

 

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qayam raza: how gst work in tally

Abhishek: We want to ask cgst & igst both are same 'or' not

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