Meaning of the terms ‘CGST’, ‘IGST’, ‘UTGST’ and ‘SGST’ used in GST Regime

GST Regime in India: Definition or Meaning and Scope of the terms ‘CGST’, ‘IGST’, ‘UTGST’ and ‘SGST’

India is witnessing the largest reform in the matter of indirect taxes, GST is being implemented by the Govt. of India and necessary GST Acts/ Rules/ Forms are being finalised in due course. To understand GST, one need to study various GST laws, like ‘CGST’, ‘IGST’, ‘UTGST’, ‘SGST’, etc. and to understand their definition or meaning and scope. These terms are explained in short, as under:

A. What is the Meaning of CGST?

The term ‘CGST’ is short form of ‘Central Goods and Services Tax’ for which “the Central Goods and Services Tax (CGST) Act, 2017” has been notified by the Govt. relating to provision for levy and collection of tax on “intra-State supply of goods or services or both” by the Central Government under the GST regime.

B. What is the Meaning of IGST?

The term ‘IGST’ is short form of ‘Integrated Goods and Services Tax’ for which “the Integrated Goods and Services Tax (IGST) Act, 2017″ has been notified by the Govt. relating to provision for levy and collection of tax on “inter-State supply of goods or services or both” by the Central Government under the GST regime.

C. What is the Meaning of UTGST?

The term ‘UTGST’ is short form of ‘Union Territory Goods and Services Tax’ for which “the Union Territory Goods and Services Tax (UTGST) Act, 2017” has been notified by the Govt., relating to provision for levy and collection of tax on “intra-State supply of goods or services or both” by the Union territories under the GST regime.

D. What is the Meaning of SGST?

The term ‘SGST’ is short form of ‘State Goods and Services Tax’ for which the respective states will notify the State GST (SGST) Act, like Delhi GST Act, etc. relating to provision for levy and collection of tax on supply of goods or services or both within the state concerned under the GST regime.

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