Click here to know GST rates in India under 5 slabs
Difference between IGST&CGST
CGST and IGST are part of GST, Goods and Service Tax.
CGST expands as Central Goods and Service Tax and IGST is the short form of Integrated Goods and Service Tax.
Different indirect taxes of Central Excise Duty, Central Sales Tax CST, Service Tax, Additional excise duties, excise duty levied under the medical and toiletries preparation Act, CVD (Additional Customs duty – Countervailing Duty), SAD (Special Additional Duty of customs) surcharges and cesses are merged with CGST. Under IGST, the taxes for movement of goods and services from one state to another are collected.
Major share of tax revenue under CGST is meant for central government where as IGST tax revenue is shared between State government and Central government as per the rate fixed by the authorities.
More explanation about CGST and IGST is given under to read:
Click here to know GST rate on Goods and Services
GST Exemption list of goods and services
Find HSN number or Service tariff code for GST
GST registration guidelines
Indian GST Laws
How to export your goods?
How to define IGST?
How does CGST work?
The above information differentiates CGST and IGST. Share below your comments about this brief difference between CGST&IGST.
How to export goods from India?
How to get Export Order?
Export benefit schemes in India
Export procedures and documentation
Difference between Central Excise Tax and CENVAT
Difference between VAT and CENVAT
Difference between VAT and Central Excise Tax
Difference between CST and CENVAT
How to distinguish between Central Excise Tax and CST
Difference between CST and VAT
Difference between SGST and CENVAT
Difference between SGST and Central Excise Tax
Difference between SGST and CST
Difference between SGST and VAT
Difference between CGST and CENVAT
Difference between CGST and Central Excise Tax
Difference between CGST and VAT
Difference between CGST and CST
Difference between IGST and CENVAT
How to obtain GSP - Certificate of Origin?
How to obtain Phyto sanitary certificate. What is phytosanitary certification
How to obtain waiver on detention/ demurrage on imported goods/container from Shipping company/CFS
How does a Running bond work?
How does Bill of Lading work in DP payment terms?
How does Bill of Lading work in Sight LC
How does CENVAT Credit work?
Why need Certificate of Origin
Why prefer exports?
How many types of imports in India. Types of bills of Entry in India
How many types of shipping bills in export
How to add Line number in Import General Manifest in Custom in India
Import General Manifest (IGM)
Transferability of Bill of Lading
Is Customs House Agents (CHA ) required to be appointed mandatory?
Is DP terms of payment safe in export business?
Is Letter of Credit LC safe for an Importer?
Is ON BOARD CERTIFICATE required for LC negotiation
Why to insure export goods?
Why, best attention while preparing Export Invoice?