Equipping Modern Enterprises with Powerful GST, E-Way Bill & E-Invoicing Solutions

logo image
  • GST Filing & Reconciliation
  • E-Way Bill Automation & E-Way Bill APIs
  • E-Invoicing Simplified
  • GSTIN Search
  • Expert Assistance

CGST, SGST, IGST and UGST – Meaning, Apportionment and Method of Payment

Unlike the Value Added Taxation (VAT) laws, the Goods and Service Tax (GST) is a destination-based tax. It means that it has to be collected and deposited in the state where the end-user or the consumer buys the goods or services. India is a federal country, where both the Central and State governments are empowered … Read moreCGST, SGST, IGST and UGST – Meaning, Apportionment and Method of Payment

IGST – Full Form, Meaning and Applicability

The full form of “IGST” is Integrated Goods and Service Tax, and therefore the legalities regarding IGST are mentioned within the IGST Act 2017. The Central Government imposes IGST on all inter-state state supplies, including both goods and services. Under IGST, the supplying State gives the credit of SGST utilized in payment of IGST to … Read moreIGST – Full Form, Meaning and Applicability

Amendment in GST ITC Set off Rules and Impact Analysis

The government has amended the CGST Act 2017 vide CGST Amendment Act 2018, one of the most important change is the new order to set-off GST credit, w.e.f 1st February 2019. According to this new rule, IGST credit shall be fully utilized before utilizing the credit of CGST and SGST. Impact of amendment   Rules … Read moreAmendment in GST ITC Set off Rules and Impact Analysis

Cross-Utilization of Credits and Fund Transfer

The Goods and Services Tax (GST) was introduced as a unification of indirect taxes. It was mainly divided into Central (CGST), State (SGST), and Integrated (IGST) GST. CGST and SGST mainly apply to supplies within a state, whereas IGST is applied on interstate and international supplies. CGST is a representation of tax levied by the … Read moreCross-Utilization of Credits and Fund Transfer