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7 March 2017CGST Bill and IGST Bill receives final nod from the GST Council; the Council to meet on 16 March 2017 to discuss SGST Bill and UTG ST Bill In order to prevent the cascading of taxes, ITC would

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What is cgst bill and igst?

CGST stands for Central Goods and Services Tax while IGST stands for Integrated Goods and Services Tax. CGST is levied on intra-state supplies of goods and services within India while IGST is levied on inter-state supplies of goods and services.

Who is required to file cgst bill and igst?

Businesses registered under the GST regime are required to file CGST and IGST returns based on their transactions.

How to fill out cgst bill and igst?

To fill out CGST and IGST bills, businesses need to provide details of their taxable supplies, input tax credit, and other relevant information in the prescribed formats.

What is the purpose of cgst bill and igst?

The purpose of CGST and IGST is to levy taxes on the supply of goods and services within India and between states to streamline the indirect tax system.

What information must be reported on cgst bill and igst?

Information such as taxable supplies, input tax credit, tax liability, and payment details must be reported on CGST and IGST bills.

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