What is Goods and Services Tax

The Goods and Services Tax (GST) is a uniform indirect tax levied on goods and services across the country. GST, as an umbrella tax, replaced central taxes like central excise, service tax, additional duties of excise & customs, special additional duty of customs, besides cesses and surcharges, on supply of goods and services.

 

Central GST and State GST

 

CGST is levied on intrastate supplies by the central government and SGST is levied on intrastate supplies by respective state governments. 

 

Integrated GST

 

IGST is levied on interstate supplies by the Centre (equal to CGST + SGST combined on supplies made within the state).

 

Any supply of