GST Write For Us
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What Is GST?
Goods and Services Tax (GST) is a complete value-added tax imposed on the supply of goods and services within a country, serving as a single indirect tax system.
GST is integrated into the final price of a product, with consumers paying the inclusive amount, and businesses subsequently remitting the GST portion to the government.
The responsibility for levying GST in India lies with the Central Government, and for intrastate transactions, the tax is divided between the central and state governments as CGST and SGST.
GST encompasses various transaction types, with interstate transactions involving the supply of goods or services between different states. In such cases, the GST collected is distributed between the Central government and the government of the state where the consumption occurs.
In contrast, intrastate transactions involve the supply of goods or services within a single state, and the corresponding GST is divided between the Central government and the state government where the transaction takes place.
The three main types of GST are State Goods and Services Tax (SGST), Central Goods and Services Tax (CGST), and Combined Goods and Services Tax (IGST), each applied based on the nature of the transaction and its geographical scope.
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