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  • GST Table

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    shreshtha0008
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    The document provides a table comparing the different types of GST in India - CGST, SGST, IGST, and UGST/UTGST. It outlines the benefiting authority, priority of tax credits, collecting authority, applicable transactions, and governing act for each type. CGST applies to intrastate transactions within a single state and is collected and credited by the central government under the CGST Act. SGST also applies to intrastate transactions but is collected and credited at the state level under the SGST Act. IGST applies to interstate transactions between states or union territories and is collected and credited jointly by central and state governments under the IGST Act. Finally, UGST/UTGST applies

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    The document provides a table comparing the different types of GST in India - CGST, SGST, IGST, and UGST/UTGST. It outlines the benefiting authority, priority of tax credits, collecting authority, applicable transactions, and governing act for each type. CGST applies to intrastate transactions within a single state and is collected and credited by the central government under the CGST Act. SGST also applies to intrastate transactions but is collected and credited at the state level under the SGST Act. IGST applies to interstate transactions between states or union territories and is collected and credited jointly by central and state governments under the IGST Act. Finally, UGST/UTGST applies

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    3 views1 page

    GST Table

    Uploaded by

    shreshtha0008
    The document provides a table comparing the different types of GST in India - CGST, SGST, IGST, and UGST/UTGST. It outlines the benefiting authority, priority of tax credits, collecting authority, applicable transactions, and governing act for each type. CGST applies to intrastate transactions within a single state and is collected and credited by the central government under the CGST Act. SGST also applies to intrastate transactions but is collected and credited at the state level under the SGST Act. IGST applies to interstate transactions between states or union territories and is collected and credited jointly by central and state governments under the IGST Act. Finally, UGST/UTGST applies

    Copyright:

    © All Rights Reserved
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    of 1

    The following table provides the difference between each type of GST at a glance.

    GST Benefitting Priority of Tax Collecting Applicable Transactions Governing


    Type Authority Credit Use Authority (Goods and Services) Act

    Central Central Intrastate – Within a


    CGST CGST IGST CGST Act
    Government Government Single State
    State Intrastate – Within a
    SGST State Government SGST IGST SGST Act
    Government Single State
    Interstate – Between a
    Central
    Central State and a Union
    IGST Government and IGST CGST IGST Act
    Government Territory or Between
    State Government
    Two States
    Union
    UGST / Union Territory Territory
    UTGST IGST Within one single UT UTGST Act
    UTGST (UT) Government (UT)
    Government

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