What is SGST?

SGST is abbreviated as State Good and Services Tax and it is levied on the Intra State supply of goods and services. SGST falls under the act of State Goods and Service Tax Act 2016. The major share of tax revenue collected under SGST is for the State government. Input Tax Credit (ITC) on State GST is given partially to the Central government and partially to the State government as it will be utilized against the payment of both SGST and IGST.