SGST definition

SGST means State Goods and Service Tax
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SGST means the tax levied under the State Goods and Services Tax Act;
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SGST means State Goods & Service Tax
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Examples of SGST in a sentence

  • Please note that the responsibility of payment of GST (CGST & SGST or IGST or UTGST) lies with the Supplier of Goods /Services (Service Provider) only.

  • GST Law - means IGST Act 2017, CGST Act 2017, UTGST Act, 2017 and SGST Act, 2017and all related ancillary Rules and Notifications issued in this regard from time to time.2. The rates quoted by the bidders shall be inclusive of all taxes, duties and levies.

  • Description, Classification and Value of taxable service/goods and the amount of applicable tax (CGST, SGST, IGST, UTGST and cess).

  • As per clause (c) of section 110 of Finance Act, 2022, it is said that A registered person can transfer any amount lying in the tax, interest, penalty, fee or any other amount for:-▪ IGST, CGST, SGST, UTGST or cess’ or▪ IGST or CGST of a distinct person as specified in sub section 4 and 5 of section 25.

  • The Rule provides that the credit of IGST shall first be utilized towards payment of IGST and remaining credit shall be used for payment CGST and SGST, in any order.

  • The minimum rate of GST applied for cars is 28% (CGST @14%, SGST @14%) plus compensation cess as may be applicable.

  • New industrial units under Thrust and Priority Sectors shall be eligible for reimbursement of 100% of net SGST paid, overall limited to 200% of the cost of plant and machinery, provided that the SGST reimbursement shall be applicable only to the net tax paid towards the state component of GST, after the adjustment of input tax credit against output tax liability.

  • They are desirous of ascertaining their eligibility for exemption under CGST and SGST.

  • NITYA Comments: In our NITYA Insight dated February 14, 2019, we highlighted that with insertion of Section 49A in the CGST Act, there will be instances where credit of CGST will get accumulated and SGST will have to be paid in cash.

  • In simple words, in case IGST credit is used for payment of CGST in a month resulting in accumulation of CGST credit, the taxpayer may use IGST credit for payment of SGST in the next month resulting in utilization of accumulated CGST credit for payment of CGST liability.


More Definitions of SGST

SGST means the tax levied under the State Goods and Services Tax Act, 2016;
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SGST means the taxes on goods and services to be levied by the State Government on introduction of Goods and Services Tax (GST);
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SGST means State Goods and Services Tax as defined under the provisions of The Odisha Goods and Services Tax Act 2017.
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SGST. – means tax levied on provision of goods and services under the State Goods and Service Tax Acts of the respective state in India.
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Related to SGST

  • PMU means the unit set up by the Authority as specified in Article 4.1 to monitor and supervise the activities of the Concessionaire;

  • BEO means a written order issued by the Contractor to the Judicial Council that confirms the Judicial Council’s specific instructions and orders with respect to the Program on any one or more of the following, but does not alter any of the Agreement’s terms and conditions: (i) meeting and/or function room(s) and set-up requirements and/or rental charges; (ii) meal menus and prices and set-up requirements; and/or (iii) audio-visual equipment and set-up requirements and/or rental charges. BEO’s will be approved and signed by the Judicial Council’s representative, as set forth in Exhibit B.

  • GST means Goods and Services Tax charged on the supply of material(s) and services. The term “GST” shall be construed to include the Integrated Goods and Services Tax (hereinafter referred to as “IGST”) or Central Goods and Services Tax (hereinafter referred to as “CGST”) or State Goods and Services Tax (hereinafter referred to as “SGST”) or Union Territory Goods and Services Tax (hereinafter referred to as “UTGST”) depending upon the import / interstate or intrastate supplies, as the case may be. It shall also mean GST compensation Cess, if applicable.

  • African American means a person having origins in any of the original peoples of Africa and who is regarded as such by the community of which this person claims to be a part.

  • Prime Vendor – means any person (natural or juristic) who forwards an acceptable proposal in response to this RFB with the intention of being the main contractor should the proposal be awarded to him/her.

  • TCC means the Terms and Conditions of Contract contained in this section;

  • Distributor / Distribution Company means Company(ies), Firm(s), Sole Proprietorship concern(s), individual(s), Banks or any other Financial Institution appointed by the Management Company under intimation to the Trustee for performing any or all of the Distribution Functions and who are registered with MUFAP as Registered Service Providers. The Management Company may itself also performs the Distribution Function.

  • Nodal Ministry means the Ministry or Department identified pursuant to this order in respect of a particular item of goods or services or works.