Want to know how many types of GST there are in India? Let’s break it down! CGST – Central Goods and Services Tax: Collected by the Central Government on intra-state supply of goods and services. SGST – State Goods and Services Tax: Collected by the State Government on the same intra-state transaction. IGST – Integrated Goods and Services Tax: Levied on inter-state supplies, imports, and exports of goods and services. UTGST – Union Territory Goods and Services Tax: Collected by Union Territories
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4 shades of GST. Have you ever paid attention to this C, S and I before GST? 🤨 CGST= Central Goods and Services Tax SGST= State Goods and Services Tax IGST= Integrated Goods and Services Tax These are 3. What about the 4th type? The 4th one is UTGST. Union Territory Goods and Services Tax. Similar to how SGST is levied by the state governments on the intra-state transactions of goods and services, UTGST is levied by the Union Territory governments on the intra-Union Territory transactions of go
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