WHAT IS THE DIFFERENCE BETWEEN IGST,CGST AND SGST AND HOW TO APPLY IT

 

There is a lot of confusion for a common person among these terms that are IGST,CGST and SGST and about the applicability of it. Therefore in this article we will discuss the meaning and applicability of these terms.

 

IGST

The full form of IGST is Integrated Goods and Services Tax. It applies when goods are supplied from one state to another state. For example if you are registered in Delhi and you supply goods in Mumbai then IGST will be levy in this case. It goes to centre.

CGST 

The full form of CGST is Central Goods and Services Tax. It applies when goods are supplied within the same state. For example if your registration is in Delhi and you supply goods in Delhi then CGST will be levy in this case. It goes to centre.

SGST 

The full form of SGST is State Goods and Services Tax. It applies when goods are supplied within the same state. For example if your registration is in Delhi and you supply goods in Delhi then SGST will be levy in this case. It goes to state.

in case of hotel industry while making invoice of rent for their rooms then in each and every case there will be only charge of  CGST and SGST.

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