Discover the different types of GST in India: CGST, SGST, IGST, and UGST. Learn how each type functions and their impact on businesses and taxpayers. Explore the types of GST in India, CGST, SGST, IGST, UTGST. Learn how GST is structured across intra-state and inter-state transactions with clear examples and categorization. Learn how GST classification works for goods and services, its importance, key schedules, HSN codes, and interpretative rules guiding correct tax rate determination. Types of GST The main types of GST are determined based on the nature of the transaction, and include: Inter-state transactions: These transactions occur between two different states, where the GST is allocated between the Central government and the state where the goods are consumed or the service is utilised. Intra-state transactions: A transaction that takes place within the same state is referred to as an intra-state transaction. In this case, the GST is shared between the Central ...
