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about gst in india | Easy government text
ABOUT GST
IN INDIA
 |
Do you know what is GST?
Today I will tell you what is "GST" and what is the full form of gst.......!
1.) The full form of GST is
(GST) GOODS AND SERVICE TAX.
2.) What is GST?
Goods and service tax (GST) is
a comprehensive indirect tax charged each time the supply is made each
times the goods are sold and/or service are rendered, except on the exempt
goods and service.
3.) Do you know? What are the
categories of GST?
Three categories of GST…….|
·
Central goods and service tax (CGST);
·
state goods and service tax (SGST)
·
integrated goods and service tax (IGST)
Do you know?
Why are the three types of GST.. ?
4 Central goods and service tax (CGST)
what they are……
The central
goods and service tax use in within state.
5. State goods and service tax (SGST) what they are……
The state goods and service tax also
use in within state.
Do you know (SGST) and (CGST) both are
used together.
6.) Integrated goods and service tax (IGST) what they
are……
The
Integrated goods and service tax use in out of state.
Did you
know (IGST) use in out of state.
DO YOU KNOW WHAT IS
THE RATE OF (CGST, SGST, AND IGST)
Do you know 4 types of (GST) Rate?
1.) 5%
2.) 12%
3.) 18%
4.) 28%
CGST = 50%
SGST = 50%
IGST = 100%
For example:- CGST and SGST
If CGST, SGST is 5%, then both will cost 50% 50% ie. CGST 2.5% and SGST 2.5%. GST is inclusive of both, and is applicable to any goods. 100%.....|
For example:- IGST
If IGST 5% is 5% then its % seems to be 100% ie. 5% of 5% will be IGST.
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