CGST

The Central Goods and Services Tax (CGST) is one of the components of the Goods and Services Tax (GST) system in India. CGST is levied by the central government on intra-state supplies of goods and services. It is applicable alongside the State Goods and Services Tax (SGST), with both CGST and SGST being collected on the same transaction within a state. The revenue collected from CGST goes to the central government, and it aims to create a unified tax structure, reduce tax evasion, and ensure a seamless flow of input tax credit across the country. This harmonized approach simplifies the tax process and promotes transparency in the taxation system.