Structure of GST
SGST (State Goods and Services Tax):
Levied Intra-state (or) within the state
Eg:
1. VAT / sales tax, purchase tax
2. Entertainment tax, luxury tax
3. Lottery tax
4. State surcharges and cesses.
Payable to state Government.
CGST (Central Goods and Service Tax):
Levied Intra state (or) within the state.
Eg:
1. Central Excise Duty, services tax
2. Customs duty, surcharges
3. Education and sec. Hr. sec. cess.
Payable to Central Government.
IGST (Integrated Goods and Services Tax)
Levied Inter State (or) between States.
Payable to Central Government.
Four major GST rates are
5%, 12%, 18%, 28%
