Under the Central Goods and Services Tax Act 2017, the CGST Act replaced indirect taxes and central sales tax, central excise duty, service tax, additional customs duties, and other excise duties. Full form of CGST and Its Meaning The full form of CGST is Central Goods and Ser...

Introduction The key provision addressing how to determine the value of a supply to tax GST is found in Section 48 of the Central Goods and Services Tax (CGST) Act, 2017. For businesses and individuals involved in the supply of goods or services, understanding this component i...

Introduction By combining different indirect taxes under one unified tax, the Goods and Services Tax (GST) Act has completely transformed the Indian tax system. A key factor in ensuring the efficient implementation and administration of the GST is the Central Goods and Service...

Many people don’t pay close attention to their restaurant bills, but those who do will notice that the bill includes charges for both CGST and SGST. Have you ever wondered if all restaurants are required to charge these taxes, or if there is a way to avoid them? To answer thes...

The Central Board of Indirect Taxes and Customs (CBIC) in India has introduced new rule 86B in CGST (Central Goods and Services Tax) Rules vide notification number 94/2020 dated 22.12.2020. The rule 86B became effective from 01.01.2021. amount available in electronic-credit le...