Question

State the categories of G.S.T.

Answer 1

GST is classified into three types: central GST, state GST, and integrated GST.

Central GST - The central government levies CGST on intra-state supplies of goods and services. The central government collects it, which is 50% of the applicable tax rate. CGST is further classed into:

1. Output CGST
2. Input CGST

State GST - The state governments impose SGST on intrastate deliveries of goods and services. It is 50% of the applicable tax rate, and it is collected by state governments. SGST is further into:

1. Output SGST
2. Input SGST

Integrated GST - The central government levies IGST on interstate deliveries of goods and services. It is exclusively collected by the central government. IGST is further classified as follows:

1. Output IGST
2. Input IGST