MANAGEMENT

Detailed explanation-1: -Hence, for intra-state transactions, both SGST and CGST are levied. While for inter-state transactions only IGST is collected, which is later divided between the state and the centre. Notably, this does not create any difference for the consumer as the combined rate of SGST and CGST is always equal to the IGST rate.

Detailed explanation-2: -Introduction to CGST, SGST and IGST When the supply of goods or services happens within a state called intra-state transactions, then both the CGST and SGST will be collected. Whereas if the supply of goods or services happens between the states called inter-state transactions, then only IGST will be collected.

Detailed explanation-3: -The central government levies GST on intra-state goods and service transactions. The central government collects the revenue generated through Central Goods and Service Tax (CGST). It is levied along with SGST or UGST, and revenues are shared between the state and the centre.