State Goods and Service Tax

State GST

Basis of Distinction

State GST

Meaning

It is levied by State government to replace the existing tax like sales tax, luxury tax, entry tax, etc.

Applicability

It is applicable only within the state

Input Tax Credit

The credit of SGST is available only against SGST and IGST

Collection of tax

It is collected by State government

Exemption limit

The exemption limit of Rs.20 Lakh is applicable

Composition Scheme

The dealer can use the benefit of composition scheme up to turnover of 50 lakh.

Free Supplies

Applicable on free supplies

Registration

No registration till the turnover crosses 20 Lakh (10 Lakh in north eastern states).





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