Explanation of Components of GST (CGST, SGST, IGST)

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(Last Updated On: June 15, 2018)

Full Form of CGST : Central Goods and Services Tax

Full Form of SGST : States Goods and Services Tax

Full Form of IGST : Integrated Goods and Services Tax

CGST/SGST:– a tax levied on all intra-state supply of goods or services i.e. goods or services supplied within same state. For example location of supplier of goods/services is in “Jaipur” and Place of supply (Buyer) is in “Bikaner”.

IGST:– a tax levied on all inter-state supply of goods or services i.e. goods or services supplied from one state to another state. For example location of supplier of goods/services is in “Rajasthan” and Place of supply (Buyer) is in “Gujarat”.

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