Question

=> Whɑt ɑre the different Types of Tɑxes under GST¿
With explɑnɑtion.​

Answer 1

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There are four different types of GST as listed below:

The Central Goods and Services Tax (CGST)

CGST is a tax charged on intrastate supply of goods and services by the central government and is governed by the CGST Act, 2017. ... This means that both the central government and the state governments agree to combine their tax collection and share the revenue in equal proportions.

The State Goods and Services Tax (SGST)

SGST is one of the tax components of GST in India. SGST Act expands to State Goods and Service Tax. It is one of the three categories under Goods and Service Tax (CGST, IGST and SGST) with a concept of one tax one nation. SGST falls under State Goods and Service Tax Act 2017.

The Union Territory Goods and Services Tax (UTGST)

UTGST, the short form of Union Territory Goods and Services Tax, is nothing but the GST applicable on the goods and services supply that takes place in any of the five territories of India, including Andaman and Nicobar Islands, Dadra and Nagar Haveli, Chandigarh, Lakshadweep and Daman and Diu called as Union ...

The Integrated Goods and Services Tax (IGST)

Under GST, IGST is a tax levied on all Inter-State supplies of goods and/or services and will be governed by the IGST Act. IGST will be applicable on any supply of goods and/or services in both cases of import into India and export from India

Answer 2

Answer:

There are four different types of taxes under GST :::

1) The Central Goods and Services Tax (CGST)

2) The State Goods and Service Tax(SGST)

3) The Union Territory Goods and Service Tax (UTGST)

4) The Integrated Goods and Service Tax( IGST)

Explanation:

Hope It helps you dear friend

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