GST PRACTITIONERS
Basics of GST:- GST means Goods and Service Tax. It is a tax which has been newly introduced in India. It has replaced Indirect taxes like VAT, CST, Excise, Service Tax etc. However, taxes like Income Tax, Payroll, PF, ESI, will continue. Why is GST being Introduced:- In each state of India, taxes and rules were different GST will lead to same rates of tax on different state:. Different Types of GST:- GST was Introduced so that We have a common tax for all type of Sales But Unfortunately One GST is not coming. There are 3 Different GST'S:- 1. CGST (Central GST) 2. SGST (State GST) 3. IGST (Integrated GST) Difference between CGST SGST and IGST:-- CGST SGST Integrated GST (Interstate GST) Full form of CGST is Central Goods and Service Tax Full form of SGST is State Goods and Service Tax Its full form is IGST Act (or Integrated Goods and Service Tax) CGST is also charged on Local Sales within State SGS...
