What are the types of GST?

There are four types of GST as explained below, these are:

SGST – GST imposed by specific State governments on the intra-State trade and services or trade within the state is called SGST(State-GST). Here the revenues are earned by the State govt. due to SGST as the transaction occurred within the state. For example – Suppose goods manufactured and sold within Haryana state then SGST will be collected by the Haryana state.

UGST – In case of Union territories such as Chandigarh, instead of State govt. the GST is collected by the Central administration and is referred to as UGST(Union-GST).

CGST – For an intra-State transaction of goods and services, CGST(Central-GST) is levied by the Central government. It is collected along with the SGST or UGST, and the revenues collected are distributed between the State and the Central govt. For example – If the goods or services are provided within State Haryana, then along with SGST or UGST, CGST will also be collected.IGST – Integrated GST is collected on goods and services transactions between different states. It is also applied to imports or exports of goods and services. Here the SGST portion of the tax collected is given to the state, which is the consumer of the said goods or services. The IGST earned is then divided between the state and the central government.

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Did you know : International Scholarships 2024

There are several international scholarships available for South Africans to study abroad. Here are a few examples:

  1. Mastercard Foundation Scholarship Program: This program provides fully funded scholarships to study at selected universities in Africa, Europe, and North America. It is open to African students, including South Africans, who are committed to giving back to their communities.
  2. Commonwealth Scholarships: The Commonwealth Scholarship Commission offers scholarships for postgraduate study in the UK for citizens of Commonwealth countries, including South Africa. The scholarships cover tuition fees, travel costs, and a living allowance.
  3. Fulbright Foreign Student Program: The Fulbright program offers scholarships for South Africans to study at U.S. universities for a Master’s or PhD degree. The scholarship covers tuition, travel, living expenses, and health insurance.
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These are just a few examples of the many international scholarships available to South Africans. It is important to research the eligibility requirements and application deadlines for each scholarship program.

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