Question

Compare CGST, SGST, and IGST.

Answer 1

Basis of Difference	CGST	SGST	IGST
1.Meaning	CGST means Central goods and service tax to replace the existing tax like service tax, excise, etc., and It is levied by the central government	SGST means State goods and service tax, replace the existing tax like sales tax, luxury tax, entry tax,-etc. and it is levied by the state government	IGST refers to the Integrated Goods and Services Tax and it is a combined form of CGST and IGST and it is levied by the central government
2. Collection of Tax	Central Government	State Government	Central Government
3. Applicability	Intra-State supply	Intra-state supply	Inter-State supply
4.Registration	No registration till the turnover crosses 20 lakhs (10 lakhs for northeastern states)	No registration till the turnover crosses 20 lakhs (10 lakhs for northeastern states)	Registration is mandatory
5.Composition	The dealer can use the benefit up to 75 lakhs under the composition scheme	The dealer can use the benefit up to 75 lakhs under the composition scheme	The composition scheme is not applicable in interstate supply