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of <h1>Understanding CGST and SGST: Simultaneous Levies, Tax Credit Rules, and Transaction Value Application</h1> Central GST (CGST) and State GST (SGST) are levied simultaneously on the supply of goods and services, except for exempted items, those outside GST's scope, or below threshold limits. Both taxes apply to the same transaction value. CGST applies regardless of supplier and recipient location within the country, while SGST applies only if both parties are in the same state. Tax credits for CGST and SGST must be used separately; CGST credits cannot offset SGST liabilities and vice versa. Tax is deposited into respective government accounts, with set-off allowed against input taxes paid.
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