GST FAQ - Free Online GST Invoice Printing Software

GST is called Goods and Service Tax
On the date of 1st July 2017 act for GST came into effect.
GST is levied on the supply of goods and services
At every point of sale GST is levied.
Central GST (CGST) and State GST (SGST) is charged in the case of intra-state sales (Sales within the same state)
Integrated GST (IGST) is charged in the case of interstate Sales (Sales between different states)
All previous complex tax systems of the India are replaced by GST.

The Cascading Effect of tax Eliminated when GST came into effect.
GST is a simple tax system with fewer exemptions.
In GST for small businesses whose turn over less than 1 Crore Composition scheme available.
The Online procedure of GST is very simple and easy.
With the help of the GST, the tax administration of the India will be easy and lean.

After Lauching of GST Real state rates has become high.
In India Under GST some services has become costlier like telecom, airline and banking service etc.
For small businesses’s cost increased b’coz GST is Online Taxation system and many people not able to do GST filling online so they hire professionals for filling.
GST impacts on discounts.
Many businessmen across India still unaware about GST System.

GSTN stand for Goods and Service Tax Network. It is a non-government & non-profit organization.
GST portal is managed by GSTN, in other words we can say that entire IT system of GST portal managed by GSTN & It is IT Backbone of GST in India.
Government used GSTN for track Taxpayers financial transactions. GSTN provides all services like GST registration to GST return filling to taxpayers.
51% shares in GSTN is owned by private sector & 49% shares in GSTN is owned by Government (State & Center Government).

Different States with State code is given in below table

#	State Name	State Code
1	Jammu And Kashmir	1
2	Himachal Pradesh	2
3	Punjab	3
4	Chandigarh	4
5	Uttarakhand	5
6	Haryana	6
7	Delhi	7
8	Rajasthan	8
9	Uttar Pradesh	9
10	Bihar	10
11	Sikkim	11
12	Arunachal Pradesh	12
13	Nagaland	13
14	Manipur	14
15	Mizoram	15
16	Tripura	16
17	Meghlaya	17
18	Assam	18
19	West Bengal	19
20	Jharkhand	20
21	Odisha	21
22	Chattisgarh	22
23	Madhya Pradesh	23
24	Gujarat	24
25	Daman And Diu	25
26	Dadra And Nagar Haveli	26
27	Maharashtra	27
28	Andhra Pradesh(Before Division)	28
29	Karnataka	29
30	Goa	30
31	Lakshwadeep	31
32	Kerala	32
33	Tamil Nadu	33
34	Puducherry	34
35	Andaman And Nicobar Islands	35
36	Telangana	36
37	Andhra Pradesh (New)	37

The List of taxes In Previous Tax structure of India which were levied and collected by Central Government of India & State Government

#	Levied & Collected By Central Government	Levied & Collected By State Government
1	Central Excise Duty	State Value Added Tax/Sales Tax
2	Additional Excise Duties	Entertainment Tax (other than the tax levied by the local bodies)
3	Excise Duty levied under the Medicinal and Toilet Preparations (Excise Duties) Act, 1955	Central Sales Tax (levied by the Centre and collected by the States)
4	Service Tax	Octroi and Entry Tax
5	Additional Customs Duty commonly known as Countervailing Duty	10%
6	NSE Strategic Investment Co	Purchase Tax
7	Special Additional Duty of Customs	Luxury Tax
8	Central Surcharges and Cess, so far as they relate to the supply of goods and services.	Taxes on lottery

All above listed Taxes replaced by GST.

In 2000 Year GST's Journey started when a committee was set up to draft law.
On 1st July 2017 the GST came into effect when GST bill was passed in the Lok Sabha & Rajya Sabha in 2017.

Full Form of CGST is Central Goods and Service Tax that is levied on Intra-State supply of Goods & Services and governed by Central Government of India.
Full Form of SGST is State Goods and Service Tax that is levied on Intra-State supply of Goods & Services and governed by State Government of India.
Full Form of IGST is Integrated Goods and Service Tax that is levied on Inter-State supply of Goods & Services and governed by Central Government of India.

FAQs of GST