GST Acts

Central Goods and Services Tax Act (CGST Act)

The CGST Act is the principal legislation for Goods and Services Tax (GST) in India, enacted on April 12, 2017. It lays the framework for the levy and collection of tax on the supply of goods and services within the territory of India, ensuring a streamlined taxation process and harmonization of tax structures across states Read more.

Integrated Goods and Services Tax Act (IGST Act)

The IGST Act governs the inter-state supply of goods and services and provides a mechanism for the allocation of tax revenue between the central and state governments. This act is essential for facilitating trade across state lines and maintaining a unified tax structure under GST Read more.

Union Territory Goods and Services Tax Act (UTGST Act)

The UTGST Act applies specifically to the Union Territories of India, providing for the levy and collection of GST in areas governed by the central government. It works in conjunction with the CGST Act to ensure consistent taxation in Union Territories Read more.

GST Compensation Act

This act provides for the compensation to states for any revenue loss incurred due to the implementation of GST. It establishes a mechanism for the collection of compensation cess and ensures that states remain financially secure while transitioning to the GST regime Read more.

Finance Acts

The Finance Acts are annual legislations that determine the fiscal policies of the government, including tax rates and structures. They often include amendments to the GST laws, ensuring that the tax framework remains responsive to economic changes and policy requirements Read more.