Question

Write the structure of GST.

Answer 1

Structure of GST
1. SGST (State Goods and Services Tax):
Levied Intra-state (or) within the state

Eg:

1. VAT/sales tax, purchase tax
2. Entertainment tax, luxury tax
3. Lottery tax
4. State surcharges and cesses.

Payable to State Government.

2. CGST (Central Goods and Service Tax):
Levied Intrastate (or) within the state.

Eg:

1. Central Excise Duty, services tax
2. Customs duty, surcharges
3. 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%