Questions Legal

What are the components of GST?

Airtract

deepraj dey

Tagline Not available

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.


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