Question

explain various taxes under GST?​

Answer 1

GST stands for Goods and Services Tax. It is classified into three types: CGST –Central GST. SGST –State GST. IGST –Integrated GST.

Answer 2

GST subsumes erstwhile state taxes like VAT, octroi, luxury tax and purchase tax, as well as central taxes like customs duty, central excise duty and service tax. ... The 4 types of GST in India are: SGST (State Goods and Services Tax) CGST (Central Goods and Services Tax) IGST (Integrated Goods and Services Tax)

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