Question

Here's A Question!!
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In GST, If taxes are calculated both for Central and State, then does the tax percentage gets halved?
How is the tax calculated then?
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Answer 1

Step-by-step explanation:

the gst gets divided into cgst and sgst as amount of gst =amount of cgst +amount of sgst

Answer 2

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》 What Is GST....

Goods and Services Tax (GST) is an indirect tax imposed in India which is levied on the supply of goods and services. GST is a comprehensive, multi-stage, destination based tax levied on every value addition. GST came into effect on 1st July 2017 and replaced most indirect taxes in the country. Under GST goods and services are divided into five distinct tax rates- 0%, 5%, 12%, 18% and 28%. However, some products such as petroleum products, alcoholic drinks, and electricity are not taxed under GST. These products are taxed separately by the individual state governments, as per the previous tax regime

》What are different tax heads under GST?

GST can be categorised under four heads such as Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), Union Territory Goods and Services Tax (UTGST) and Integrated Goods and Services Tax (IGST).

GST can be categorised under four heads such as Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), Union Territory Goods and Services Tax (UTGST) and Integrated Goods and Services Tax (IGST).IGST is charged for interstate supplies where the place of supply is in different State compared to the location of the supplier. Equal rate of CGST and SGST(approximately half the GST rate applicable for IGST) is charged for intrastate supplies where the place of supply is in the same State compared to the location of the supplier.

》What is GST calculator?

GST calculator is a handy ready-to-use online calculator to compute the GST payable for a month or quarter.