What is GST

GST is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. It has replaced many indirect taxes in India such as the excise duty, VAT, services tax, etc. GST is categorized into three types:

• CGST: Central Goods and Services Tax, collected by the Central Government on intra-state sales.
• SGST: State Goods and Services Tax, collected by the State Government on intra-state sales.
• IGST: Integrated Goods and Services Tax, collected by the Central Government on inter-state sales.

GST Rates Structure

India