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Category: Goods & Services Tax

Difference Between: CGST vs SGST vs IGST?

Goods & Services Tax (GST) will replace over 10 central and state taxes, so obviously it comes with new concepts that will need understanding: Central GST, State GST and Integrated GST are three of them. Let’s find out what they are: Central GST State GST Integrated GST What is the Exemption Limit? Central GST Central GST is the component of GST that will be levied by the central government on all items, both goods and services. It only applies to…