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Sgst: Revolution In State Economies

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By Author: eazybills
Total Articles: 8
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visit- https://eazybills.com/blog/sgst-state-goods-and-services-tax/


Under Goods and Service Tax (GST), there are three main types: SGST, IGST, and CGST. The article concerns SGST, a kind of Goods and Services Tax (GST) in India. While learning about the GST, knowing the concept of SGST is essential. 

SGST- Meaning

The full form of SGST is State Goods and Service Tax and applies to the intrastate transactions of goods and services. SGST in India charges on the state where the goods are purchased and sold. It will replace the existing state's taxes, including the VAT, entertainment, sales, luxury, entry, and surcharge on any goods and services transaction.
Some common areas not included under SGST involve human consumption of alcohol. This tax also comes under the SGST Act of 2017. 

Example of SGST

Within GST, the prospect of SGST is one kind of tax levied on intra-state supplies of both services and goods by each state government and regulated by the Act of SGST. 
Let Ankit is a Gurgaon dealer selling goods worth Rs 20,000 to Lakshay in Bangalore. The ...
... rate of GST is 18%, which is inclusive of the 9% CGST rate and the 9% SGST rate. In this case, the dealer will collect an amount of Rs. 3600, of which Rs. 1800 will go to the Haryana Government, whereas Rs. 1800 will go to the central government.

Features of SGST 

There are various features of SGST in India. Some essential components are:
SGST is collected and levied on all services and goods the state supplies under consideration. 
Under the Department of State Services and Goods, each state has a specific SGST Act.
SGST only applies to exempted services and goods as they come under the impact of GST. 
SGST is not applicable when the annual total turnover exceeds the prescribed limit.

SGST rule in India
According to the SGST rule in India, if a taxpayer does not file his ITR within the due dates, he shall have to pay a late fee of Rs. 50 per day is Rs. 25 per day in each CGST and SGST, and in case of any tax liability, Rs. 20 per day is Rs. 10 per day in each CGST and SGST.

Difference Between CGST and SGST

Central GST and state GST are components of GST, but there is a difference between CGST and SGST:
The central government levies CGST, whereas the state government charges SGST.
CGST replaces taxes like Central Excise and service tax, whereas SGST replaces taxes like VAT and entertainment Tax.
CGST revenue goes to the central government, whereas SGST revenue goes to the state government.


In this article, we cover general topics like SGST and its features. If you are looking for billing software, opt for Eazybills because it caters to small and medium-sized businesses. This software will help you track expenses, manage inventory, and create GST-compliant invoices in minutes. The software is straightforward to understand, and you won't need a background in accounting to understand its features thoroughly.

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