Question

1. Expand CGST and SGST.

2.State any 2 benefits of GST.

3.When it was implemented in India?

4. Where do you come across GST in your day to day life?

5. Write any 2 disadvantages of GST?​

Answer 1

Answer:

1.CGST & SGST are part of GST, Goods and Service Tax. CGST expands as Central Goods and Service Tax and SGST is the short form of State Goods and Service Tax.

2.a.GST eliminates the cascading effect of tax.

b.Higher threshold for registration.

3.1st July 2017

4.Movie and shoping

5.Have to pay extra money and poor people may be disadvantaged by it