SGST

The State Goods and Services Tax (SGST) is a component of the Goods and Services Tax (GST) system in India, levied by state governments on intra-state supplies of goods and services. SGST is applied alongside the Central Goods and Services Tax (CGST) on the same transaction within a state. The revenue collected from SGST is retained by the respective state government. This dual taxation system ensures that both the central and state governments have a share in the tax revenue, promoting cooperative federalism. The SGST framework aims to create a uniform tax structure, facilitate seamless input tax credit, and simplify the tax compliance process for businesses.