GST – Preliminary


GST ImageGST is nothing but a value added tax on goods and services or both. GST is a single tax applicable on goods and services right from manufacture to retailer who sell the goods to ultimate consumer. Under GST act we under stands about following act:-

CGST: Central Goods and Services Tax Act, 2017, the Act under which “tax” is levied on Intra State supply of goods or services or both. CGST Act- extends to whole India except the State of Jammu and Kashmir.

IGST: The Integrated Goods and Service Tax Act, the act under which “tax” is charged on Inter-State supply of goods and services or both. The IGST Act extend to the whole India except the State of Jammu and Kashmir.

UTGST: The Union Territory Goods and Services Tax Act, 2017, The Act under which tax is charged on Intra – state supply of goods and services or both, in addition to the tax levied under CGST low. UTGST extends to the Union Territories of India Andaman & Nicobar, Island, Lakshadweep, Dadra Nagar Haveli, Daman & Diu, Chandigarh and other Territories.

UNION TERRITORIES: India is a summation of three categories of territories namely :

(1)   State (29)

(2)   Union territories with legislature (2)

  • (i) Delhi
  • (ii) Pondicherry

(3)   Union territories without legislature (5)

  • (i)    Andaman & Nicobar Island
  • (ii)  Chandigarh
  • (iii) Daman & Diu
  • (iv)  Lakshadweep
  • (v)  Dadra Nagar Haveli.

Statutory Provision:

1.Short title, extent and commencement

1 (1) This Act may be called the Central Goods and Services Tax Act, 2017.

1 (2) It extends to the whole of India except the State of Jammu and Kashmir.

1 (3) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint:Provided that different dates may be appointed for different provisions of this Act and any reference in any such provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision.

11 Comments

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    June 24th, 2017

    Excellent presentation …..please do correct word under as Union for UTGST /U stands for Union .Thanks CA .CS Arvind Shukla

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