Question

Collection of gst by centre and states criteria of india

Answer 1

Answer:

Under GST, the tax levied on consumption of goods or rendering of service is split 50:50 between the Centre and the state. Such tax is known as Central-GST or CGST and State-GST or SGST. On inter-state movement of goods as well as imports, an Integrated-GST or IGST is levied, which accrues to the Centre.

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Answer 2

Answer:

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. ... 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.

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