GST will have 3 tax components, which include a central component (Central Goods and Services Tax or CGST) and a state component (State Goods and Services Tax or SGST) where centre and state will levy GST on all entities, i.e. when a transaction happens within a state. Inter-state transactions will attract the Integrated Goods and Services Tax (IGST), be levied by the center, i.e. when a transaction happens one state to another.
The components are state GST, Central GST and Integrated GST