SGST Full Form, CGST Full Form, Difference between CGST and SGST

SGST Full Form is State Goods and Service Tax. State Goods and Services Tax is governed by the State Goods and Services Tax (SGST) Act 2017. And The revenue generated from SGST is collected by the state government. After the implementation of SGST, all state taxes including value-added tax, entertainment tax, luxury tax, and entry tax were subsumed. For example, if goods and/or services are sold within the state, SGST will be levied on such transactions. Under GST, SGST is a tax levied by the state government on the intra-state supply of both goods and services and will be governed by the SGST Act.

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SGST का फुल फॉर्म स्टेट गुड्स एंड सर्विस टैक्स है। राज्य वस्तु और सेवा कर राज्य वस्तु और सेवा कर (एसजीएसटी) अधिनियम 2017 द्वारा शासित है। और एसजीएसटी से उत्पन्न राजस्व राज्य सरकार द्वारा एकत्र किया जाता है। SGST के लागू होने के बाद, मूल्य वर्धित कर, मनोरंजन कर, विलासिता कर और प्रवेश कर सहित सभी राज्य करों को समाहित कर दिया गया था। उदाहरण के लिए, यदि माल और/या सेवाएं राज्य के भीतर बेची जाती हैं, तो ऐसे लेनदेन पर एसजीएसटी लगाया जाएगा। जीएसटी के तहत, एसजीएसटी राज्य सरकार द्वारा वस्तुओं और सेवाओं दोनों की अंतर-राज्य आपूर्ति पर लगाया जाने वाला कर है और यह एसजीएसटी अधिनियम द्वारा शासित होगा।

SGST Full Form: SGST Applicability

To determine whether the State Goods and Services Tax (SGST) applies to taxable transactions, it must first determine whether the transaction is an intra-state or an inter-state supply.

Inter-state supply of products or services occurs when both the place of supplier and the place of supply, i.e. delivery of goods or consumption of services, are in the same position. A seller has to collect both CGST and SGST from the customer in transactions involving supplies within the state. State GST is deposited with the State Government, whereas Central GST is deposited with the Central Government.

When the provider and the place of supply are in different states, it is known as inter-state supply. Transactions are considered inter-state when goods or services are exported or imported, or when products or services are supplied by an SEZ entity. A seller should collect IGST from the customer in transactions involving supplies between two states or out of state.

Examples to understand CGST, SGST, and IGST applicability

A dealer in Kolkata is selling a DSLR for INR to a person living in Kolkata. 1,00,000. This transaction will be subject to 14% CGST and 14% SGST. The dealer in Delhi will have to pay a fee of Rs 14,000 under CGST and Rs 14,000 under SGST, with the appropriate amount being deposited in the central and state government accounts.

The dealer in Kolkata (in this case) is now supplying this DSLR to another dealer in Bangalore. Since this is an interstate transaction, the Delhi dealer will charge an IGST of 28%, or INR 28,000, on the value of the DSLR (INR 1,00,000), and credit the IGST payment to the government account.

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Difference between CGST and SGST 

Criteria of Differentiation CGST SGST 
Full-Form Central Goods and Services Tax State Goods and Services Tax 
Applicability Intra-State Intra-State 
Levied By Central Government State Government 
Collected By Central Government State Government 
ITC Utilization (i) CGST (ii) IGST (i) SGST (ii) IGST 
Composition scheme Applicability Applicable Applicable 
Registration Criteria A taxpayer whose aggregate turnover exceeds INR 40 Lakhs (INR 20 Lakhs in particular states) needs to obtain GST registration. A taxpayer whose aggregate turnover exceeds INR 40 Lakhs (INR 20 Lakhs in particular states) needs to obtain GST registration. 

SGST Full Form: Features of SGST

Here are some important SGST features:

SGST is applicable when collected on all goods and services provided by the states for consideration.
Accumulated tax is deposited in the accounts of the particular state.
Each state has a separate SGST Act under its state Goods and Services Tax department. However, the basic features of the GST law for all states, such as fee, assessment, taxable incidence, measurement, classification, etc., will remain the same in the respective Act of each state.

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What determines whether CGST, SGST, or IGST is applicable for supplies

In order to identify whether Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), or Integrated Goods and Services Tax (IGST) will be applicable in a taxable transaction, it is first necessary to know whether the transaction is within a state. inside or not. An inter-state supply.

Inter-state supply of goods or services occurs when the location of the supplier and the place of supply i.e. the location of the buyer are in the same position. In transactions involving intra-state supplies, a seller has to deposit both CGST and SGST from the buyer. Central GST gets deposited with the central government and state GST gets deposited with the state government.

Inter-state supply of goods or services occurs when the place of supplier and the place of supply are in different states. Also, in the case of export or import of goods or services or when goods or services are supplied to or by an SEZ entity, the transaction is treated as inter-state. In transactions involving supplies between two states or out of state, the seller has to collect IGST from the buyer.

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