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What type of GST is proposed to be implemented?

QuestionsCategory: GSTWhat type of GST is proposed to be implemented?
MaanavJain Staff asked 8 months ago

What type of GST is proposed to be implemented?

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1 Answers
AbhasGoyal Staff answered 8 months ago

It would be a dual GST with the Centre and States simultaneously levying it on a common tax base. The GST to be levied by the Centre on intra-State supply of goods and / or services would be called the Central GST (CGST) and that to be levied by the States/ Union territory would be called the State GST (SGST)/ UTGST. Similarly, Integrated GST (IGST) will be levied and administered by Centre on every inter-state supply of goods and services.

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