Question

basic element of gst?​

Answer 1

Answer:

The following are the Main components of GST:

Central GST (CGST)

State GST (SGST)

Union Territory GST (UTGST)

Integrated GST (IGST)

Answer 2

Answer:

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GST is a single, destination based indirect tax levied on the value added to goods as well as services at each stage of the supply chain. The main objective behind levying such a tax is to consolidate multiple indirect tax levies into a single tax. Thus, GST subsumes a host of taxes.

Basic elements

Central GST (CGST) State GST (SGST) Integrated GST (IGST) Union Territory GST (UTGST)