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प्रश्न
Write the structure of GST.
उत्तर
Structure of GST
1. SGST (State Goods and Services Tax):
Levied Intra-state (or) within the state
Eg:
- VAT/sales tax, purchase tax
- Entertainment tax, luxury tax
- Lottery tax
- State surcharges and cesses.
Payable to State Government.
2. CGST (Central Goods and Service Tax):
Levied Intrastate (or) within the state.
Eg:
- Central Excise Duty, services tax
- Customs duty, surcharges
- Education and sec. Hr. sec. cess.
Payable to Central Government.
3. IGST (Integrated Goods and Services Tax)
Levied Inter-State (or) between States.
Payable to Central Government.
Four major GST rates are
5%, 12%, 18%, 28%
APPEARS IN
संबंधित प्रश्न
In India, taxes are including
Match the following
| 1. | Income Tax | Value added tax |
| 2. | Excise duty | 1 July 2017 |
| 3. | VAT | Smuggling |
| 4. | GST | Direct tax |
| 5. | Black money | Indirect tax |
What is the aim motto of goods and services tax?
The structure of GST in India consists of ______ forms.
The ticket to amusement park is an example for ______ tax.
______ constituted under the Central Board of Revenue Act, 1963.
______ is particularly designed to replace the indirect taxes imposed on goods and services by the Central and State.
A ______ is a tax applied uniformly, taking a larger percentage of income from low-income earners than from high-income earners.
The tax is levied on the profit of corporations and companies is ______.
Odd one out:
