GST 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)
(3) Union territories without legislature (5)
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.