{"id":19977,"date":"2022-11-27T16:26:42","date_gmt":"2022-11-27T16:26:42","guid":{"rendered":"http:\/\/34.100.199.175\/?page_id=19977"},"modified":"2023-06-15T10:47:03","modified_gmt":"2023-06-15T10:47:03","slug":"sgst","status":"publish","type":"page","link":"https:\/\/mybillbook.in\/s\/gst-goods-and-services-tax\/sgst\/","title":{"rendered":"SGST"},"content":{"rendered":"<p>[vc_row][vc_column][vc_column_text]<\/p>\n<h1 class=\"zox-post-title left entry-title\" style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"SGST_%E2%80%93_State_Goods_And_Service_Tax\"><\/span>SGST \u2013 State Goods And Service Tax<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<h2 id=\"h-what-is-sgst-stand-for\"><span class=\"ez-toc-section\" id=\"What_is_SGST_stand_for\"><\/span>What is SGST stand for?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>SGST is one of the GST tax components. SGST\u2019s full form is expanded as the State Goods and Services Tax.<\/p>\n<p>What is SGST? There will be one tax on goods and services when SGST is implemented. This tax will include all current state taxes such as State Sales Tax, Value-Added Tax, entertainment tax, gambling taxation, entry tax not within lieu of octroi, state cesses, and surcharges. All tax revenue collected under SGST is allocated to the State Government.[\/vc_column_text][vc_column_text]<div class='ai-viewports ai-viewport-1 ai-insert-15-39985790' style='margin: 8px 0px; clear: both; padding-left: 325px;' data-insertion-position='prepend' data-selector='.ai-insert-15-39985790' data-insertion-no-dbg data-code='PGRpdiBjbGFzcz0nY29kZS1ibG9jayBjb2RlLWJsb2NrLTE1JyBzdHlsZT0nbWFyZ2luOiA4cHggMHB4OyBjbGVhcjogYm90aDsgcGFkZGluZy1sZWZ0OiAzMjVweDsnPgo8YSBocmVmPSJodHRwczovL215YmlsbGJvb2suaW4vY3JlYXRlLWFjY291bnQvIj4gPGltZyBzcmM9Imh0dHA6Ly9teWJpbGxib29rLmluL3Mvd3AtY29udGVudC91cGxvYWRzLzIwMjMvMDYvR2VuZXJhdGUtR1NULVJlcG9ydHMtTm93LnBuZyIgYWx0PSJnZW5lcmF0ZSBnc3QgcmVwb3J0cyI+IDwvYT4KPC9kaXY+Cg==' data-block='15'><\/div>\n<script>\n  ai_run_182147841532 = function(){ai_insert_viewport_code ('ai-insert-15-39985790');};\n  if (document.readyState === 'complete' || (document.readyState !== 'loading' && !document.documentElement.doScroll)) ai_run_182147841532 (); else document.addEventListener ('DOMContentLoaded', ai_run_182147841532);\n<\/script>\n<br \/>\n[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Features_of_the_SGST\"><\/span>Features of the SGST:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>The SGST stands for all intrastate sales of goods and services.<\/li>\n<li>To make input tax credits available for taxes paid on the sale of goods or services.<\/li>\n<li>SGST is applicable when registered individuals to self-assess their tax liabilities.<\/li>\n<li>It also includes fines or other penalties for violating the proposed legislation.<\/li>\n<li>It reduces taxes on consumer products and services.<\/li>\n<li>It provides a complete overview of the taxpayers\u2019 transitional provisions to the GST regime.<\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_often_do_SGST_rates_get_revised\"><\/span>How often do SGST rates get revised?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On July 13, 2022, the government published nine Central Tax (Rate) notifications. These new GST rate amendments are effective from July 18, 2022. The 47th GST council meeting was place on June 28 and 29, 2022.[\/vc_column_text][vc_column_text]<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_do_you_know_if_CGST_SGST_or_IGST_applies_to_a_certain_supply\"><\/span>How do you know if CGST, SGST, or IGST applies to a certain supply?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Before determining whether\u00a0<a href=\"https:\/\/mybillbook.in\/s\/gst-goods-and-services-tax\/cgst-act\/\" target=\"_blank\" rel=\"noreferrer noopener\">CGST<\/a>, SGST, or\u00a0<a href=\"https:\/\/mybillbook.in\/s\/gst-goods-and-services-tax\/igst\/\" target=\"_blank\" rel=\"noreferrer noopener\">IGST<\/a>\u00a0applies to a taxable operation, evaluating if the transaction involves an intrastate or interstate supply is necessary.[\/vc_column_text][vc_column_text]<div class='ai-viewports ai-viewport-1 ai-insert-15-12666295' style='margin: 8px 0px; clear: both; padding-left: 325px;' data-insertion-position='prepend' data-selector='.ai-insert-15-12666295' data-insertion-no-dbg data-code='PGRpdiBjbGFzcz0nY29kZS1ibG9jayBjb2RlLWJsb2NrLTE1JyBzdHlsZT0nbWFyZ2luOiA4cHggMHB4OyBjbGVhcjogYm90aDsgcGFkZGluZy1sZWZ0OiAzMjVweDsnPgo8YSBocmVmPSJodHRwczovL215YmlsbGJvb2suaW4vY3JlYXRlLWFjY291bnQvIj4gPGltZyBzcmM9Imh0dHA6Ly9teWJpbGxib29rLmluL3Mvd3AtY29udGVudC91cGxvYWRzLzIwMjMvMDYvR2VuZXJhdGUtR1NULVJlcG9ydHMtTm93LnBuZyIgYWx0PSJnZW5lcmF0ZSBnc3QgcmVwb3J0cyI+IDwvYT4KPC9kaXY+Cg==' data-block='15'><\/div>\n<script>\n  ai_run_191968417175 = function(){ai_insert_viewport_code ('ai-insert-15-12666295');};\n  if (document.readyState === 'complete' || (document.readyState !== 'loading' && !document.documentElement.doScroll)) ai_run_191968417175 (); else document.addEventListener ('DOMContentLoaded', ai_run_191968417175);\n<\/script>\n<br \/>\n[\/vc_column_text][vc_column_text]<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Difference_between_CGST_and_SGST\"><\/span>Difference between CGST and SGST<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure class=\"wp-block-table\">\n<table>\n<tbody>\n<tr>\n<td><\/td>\n<td><strong>CGST<\/strong><\/td>\n<td><strong>SGST<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Definition<\/td>\n<td>Under GST, the old taxes like services, excise, etc., have been replaced by the CGST, or the Central Goods and Service tax.<\/td>\n<td>The term SGST stands for the state\u2019s goods and service tax, which has replaced several other taxes, including the sales tax, the luxury tax, and others. The government of the state levies and collects this tax.<\/td>\n<\/tr>\n<tr>\n<td>Collected by<\/td>\n<td>Central Government<\/td>\n<td>State Government<\/td>\n<\/tr>\n<tr>\n<td>Preferring authorities<\/td>\n<td>Central Government<\/td>\n<td>State Government<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Understanding_CGST_SGST_and_IGST_through_a_case_study\"><\/span>Understanding CGST, SGST, and IGST through a case study<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A trader in Mumbai is selling a computer to a trader in Nagpur for<span class=\"WebRupee\">\u00a0Rs.\u00a0<\/span>20,000. For this transaction, the CGST will be 14 per cent, while the SGST will also be 14 per cent. The trader in Mumbai would be charged<span class=\"WebRupee\">\u00a0Rs.\u00a0<\/span>2,800 as CGST and<span class=\"WebRupee\">\u00a0Rs.\u00a0<\/span>2,800 as SGST, which will be deposited into the relevant State and Central Government accounts.<\/p>\n<p>This computer is now being supplied to the retailer\u2019s shop in Chennai by the trader based in Mumbai. As this is an interstate transaction, the shopkeeper in Mumbai will charge IGST of 28 per cent or<span class=\"WebRupee\">\u00a0Rs.\u00a0<\/span>5,600 on the base price of the commodity (Rs. 20,000) and pay the IGST sum into the government treasury.[\/vc_column_text][vc_column_text]<strong>Also Check:<\/strong><\/p>\n<table dir=\"ltr\" border=\"1\" width=\"821\" cellspacing=\"0\" cellpadding=\"0\">\n<colgroup>\n<col width=\"100\" \/>\n<col width=\"154\" \/>\n<col width=\"100\" \/><\/colgroup>\n<tbody>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Billing Software with GST&quot;}\"><a href=\"https:\/\/mybillbook.in\/s\/\">Billing Software with GST<\/a><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Billing Software for Mac&quot;}\"><a href=\"https:\/\/mybillbook.in\/s\/billing-software-for-mac\/\">Billing Software for Mac<\/a><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Free Billing Software for PC&quot;}\">\n<div>\n<div><a href=\"https:\/\/mybillbook.in\/s\/free-billing-software\/\">Free Billing Software for PC<\/a><\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>[\/vc_column_text][vc_column_text]<div class='ai-viewports ai-viewport-1 ai-insert-15-12436006' style='margin: 8px 0px; clear: both; padding-left: 325px;' data-insertion-position='prepend' data-selector='.ai-insert-15-12436006' data-insertion-no-dbg data-code='PGRpdiBjbGFzcz0nY29kZS1ibG9jayBjb2RlLWJsb2NrLTE1JyBzdHlsZT0nbWFyZ2luOiA4cHggMHB4OyBjbGVhcjogYm90aDsgcGFkZGluZy1sZWZ0OiAzMjVweDsnPgo8YSBocmVmPSJodHRwczovL215YmlsbGJvb2suaW4vY3JlYXRlLWFjY291bnQvIj4gPGltZyBzcmM9Imh0dHA6Ly9teWJpbGxib29rLmluL3Mvd3AtY29udGVudC91cGxvYWRzLzIwMjMvMDYvR2VuZXJhdGUtR1NULVJlcG9ydHMtTm93LnBuZyIgYWx0PSJnZW5lcmF0ZSBnc3QgcmVwb3J0cyI+IDwvYT4KPC9kaXY+Cg==' data-block='15'><\/div>\n<script>\n  ai_run_286610935835 = function(){ai_insert_viewport_code ('ai-insert-15-12436006');};\n  if (document.readyState === 'complete' || (document.readyState !== 'loading' && !document.documentElement.doScroll)) ai_run_286610935835 (); else document.addEventListener ('DOMContentLoaded', ai_run_286610935835);\n<\/script>\n<br \/>\n[\/vc_column_text][vc_column_text][\/vc_column_text][\/vc_column][\/vc_row][vc_section][vc_row][vc_column][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/3&#8243;][vc_column_text][\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/3&#8243;][vc_column_text][\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/3&#8243;][vc_column_text][\/vc_column_text][\/vc_column][\/vc_row][\/vc_section]<\/p>\n","protected":false},"excerpt":{"rendered":"[vc_row][vc_column][vc_column_text] SGST \u2013 State Goods And Service Tax [\/vc_column_text][vc_column_text] What is SGST stand for? SGST is one of the GST tax components. SGST\u2019s full form is expanded as the State Goods and Services Tax. What is SGST? There will be [...]","protected":false},"author":9,"featured_media":19988,"parent":19178,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.5.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is SGST | State Goods and Services Tax<\/title>\n<meta name=\"description\" content=\"What is SGST? What are the features of the SGST? How often do SGST rates get revised? 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