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difference between CGST and IGST
CGST is taxable on intra state supply and IGST on inter state supply. Whether there is any other difference between the two??
Replies (1)
1. IGST = CGST + SGST
2. When CGST is levied, then input tax credit can be taken, when goods purchased against CGST or IGST but not SGST & on the other hand, when IGST is levied, then input tax credit can be taken against IGST, CGST & SGST.
2. When CGST is levied, then input tax credit can be taken, when goods purchased against CGST or IGST but not SGST & on the other hand, when IGST is levied, then input tax credit can be taken against IGST, CGST & SGST.
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