Question
What is the reason for maintaining separate accounts for CGST, SGST and IGST?
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Answer
CGST, SGST and IGST all these all collected from different types of transactions.
- CGST: It is collected on intra state supplies made (i.e. within the state).
- SGST: It is collected on intra state supplies made (i.e. within the state).
- IGST: It is collected on inter state supplies made (i.e. outside the state).
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