Question

Describe GST with one examples​

Answer 1

Answer:

GST is a consumption based tax levied on sale, manufacture and consumption on goods & services at a national level. ... The proposed tax system will take the form of “dual GST” which is concurrently levied by central and state government. This will comprise of: Central GST (CGST) which will be levied by Centre.

Explanation:

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Answer 2

Answer:

GST is being referred as a single taxation system but in reality it is a dual tax in which state and centre both collects separate tax on a single transaction of sale and service.

Central Indirect Taxes & Levies.

Explanation:

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