GST FAQ

When GST came into force? It came into force on 01/07/2017.   WHAT IS CGST, SGST AND IGST? What is Central Goods and Services Tax (CGST) Under GST, CGST is a tax levied on Intra State supplies of both goods and services by the Central Government and will be governed by the CGST Act. SGST will also be levied on the same Intra State supply but will be governed by the State Government. This implies that both the Central and the State governments will agree on combining their levies with an appropriate proportion for revenue sharing between them. However, it … Continue reading GST FAQ