What are the different types of GST?

What are the different types of GST?



Central GST (CGST): GST paid on each transaction is divided into two equal parts: the part for the Centre is termed as CGST.                                  State GST (SGST): The part of a state’s share of GST, when a transaction takes place within the state, is called SGST.                                                      Union territory GST (UGST): When a transaction takes place within a union territory (UT) without a legislature, the part of GST that the UT gets is called UGST.                                                                                                                                                                                                                     Integrated GST (IGST): When a transaction takes place between two states/UTs or between a state/UT and any foreign territory, IGST is levied without any bifurcation on the applicable GST rate.


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