Social Sciences, asked by deepaksinghgzp200, 1 year ago

how many types of GST and its difference

Answers

Answered by sarthakrahate24
1

1. UTGST full form and UTGST meaning

The UTGST Act expands to Union Territory Goods and Service Tax.

UTGST, the short form of Union Territory Goods and Services Tax, is nothing but the GST applicable on the goods and services supply that takes place in any of the five territories of India, including Andaman and Nicobar Islands, Dadra and Nagar Haveli, Chandigarh, Lakshadweep and Daman and Diu called as Union territories of India.

Union Territory GST will be charge in addition to the Central GST (CGST)

2. What is UTGST?

The reason behind UTGST applicability in GST is that the common State GST (SGST) cannot be applied in an Union Territory without legislature.

To address this issue, GST Council has decided to have Union Territory GST Law (UTGST) which would be at par with SGST. However, SGST can be applied in Union Territories such as New Delhi and Puducherry, since both have their individual legislatures, and can be considered as “States” as per GST process.alue-added tax (section Limitations of VAT)


goods and services tax (GST), is a type of tax that is assessed incrementally, based on the increase in value of a product or service at each stage of production


108 KB (11,056 words) - 18:09, 15 January 2019


Tax-free shopping


described as a sales tax, goods and services tax (GST), value added tax (VAT), or consumption tax. Promoting tax-free shopping and making it easier for tourists


13 KB (1,917 words) - 21:45, 25 September 2018


Systems theory (redirect from History of systems theory)


Bertalanffy's general systems theory (GST). His ideas were adopted by others including Kenneth E. Boulding, William Ross Ashby and Anatol Rapoport working in mathematics


41 KB (5,035 words) - 11:55, 10 January 2019


Ad valorem tax (section Application of a sales or property tax)


The introduction of the GST was very controversial. As of January 1, 2012, the GST stood at 5%. As of July 1, 2010, the federal GST and the regional Provincial


18 KB (2,671 words) - 06:45, 25 November 2018


Taxation in Australia (section Forms of taxes and excises, both Federal and State)


Office the difference between GST charged on sales and GST credits. Two types of sales are treated differently: Suppliers of GST-free goods and services


27 KB (3,099 words) - 06:55, 27 November 2018


Equalization payments (category Taxation and redistribution)


the revenues raised from the Goods and Services Tax (GST), currently about AUD 50 bn a year. The distribution of GST required to achieve HFE is decided


11 KB (1,491 words) - 19:33, 27 June 2018


Time zone (redirect from Time difference)


the Sun (eccentricity) and the tilt of the Earth's axis (obliquity). Mean solar time has days of equal length, and the difference between the two sums to


92 KB (5,041 words) - 20:00, 14 January 2019


Pink tax (category Feminism and health)


portion of the difference between prices of men's goods and women's goods. Products like the Radio Flyer scooter may cost more due to the cost of slightly


18 KB (2,318 words) - 00:08, 17 January 2019


Bookkeeping (section Chart of accounts)


PL – Profit and loss; (or I/S – income statement) P/R - Payroll PP&E – Property, plant and equipment TB – Trial Balance GST – Goods and services tax


16 KB (2,104 words) - 03:35, 4 January 2019


Tax rate (section Inclusive and exclusive)


majority of Europe, value added tax (VAT) countries, include the tax amount when quoting merchandise prices, including Goods and Services Tax (GST) countries


14 KB (2,059 words) - 15:52, 8 January 2019


2019 AFC Asian Cup (category Official website different in Wikidata and Wikipedia)


and the AFC, the previous records of Yemen are registered as North Yemen instead. The draw of the final tournament was held on 4 May 2018, 19:30 GST,


64 KB (5,221 words) - 02:55, 17 January 2019


Desktop publishing


Publishing Partner (now PageStream) for the Atari ST, GST's Timeworks Publisher on the PC and Atari ST, and Calamus for the Atari TT030. Software was published


18 KB (2,347 words) - 15:55, 1 January 2019


Atomic clock (section Secondary representations of the second)


onboard timing. The Galileo navigation message includes the differences between GST, UTC and GPST (to promote interoperability). The BeiDou-2 satellite


67 KB (7,047 words) - 06:18, 16 December 2018


Sales tax (section Types)


combination of the GST and PST. Businesses can reduce the impact of sales tax for themselves and their customers by planning for the tax consequences of all activities


24 KB (3,124 words) - 07:05, 15 January 2019


Sidereal time (category Units of time)


longitude of the point. Since it is not feasible to publish tables for every longitude, astronomical tables make use of Greenwich sidereal time (GST), which


15 KB (2,193 words) - 18:46, 23 December 2018


Taxation of digital goods


Hockey revealed details of a new 10% goods and services tax (GST) to be introduced on "certain electronic supplies". The proposed GST has already been dubbed






Answered by Nawaz0917
1
hey your answer here.

SGST, IGST AND UTGST are effectively supporting such major economic development programs. GST stands for Goods and Services Tax. It is considered as the biggest taxation reform in the history of Indian economy.

I hope it helps

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