All about GST- Goods and Service Tax

(GST)

GST i

In India, GST Act became handed in Parliament on twenty-ninth March 2017 and GST became applied on 1st July 2017.

The GST Council has an authorized charge structure - 5%, 12%, 18%, and 28% - with usual items that want to fall withinside the class of 12% and 18% charge. In addition, a cess can be imposed on luxurious and sinful items.

Goods and Services Tax:

➢ Central items and offerings tax (CGST)

➢ State items and offerings tax (SGST)

➢ Union territory items and offerings tax (UTGST)

➢ Integrated items and offerings tax (IGST)

CENTRAL GOODS AND SERVICES TAX

Central items and offerings tax is imposed at the delivery chain of products and offerings undertaken inside Intra State.

CGST

Cesses

Custom Duty

Service Tax

Central Excise Ta

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