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of <h1>Understanding CGST and SGST: Simultaneous Levies, Tax Credits, and Application Rules for Goods and Services Transactions</h1> Central GST (CGST) and State GST (SGST) are levied simultaneously on transactions involving goods and services, except for exempted items, those outside GST's scope, and transactions below threshold limits. Both taxes apply to the same value, unlike State VAT, which includes CENVAT. CGST applies nationwide, while SGST applies only when both supplier and recipient are within the same state. Tax credits for CGST and SGST can only be used to offset their respective liabilities, meaning CGST credits cannot pay SGST and vice versa. This system ensures that tax liabilities are settled appropriately with the respective government accounts.
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