Question

How CST is more beneficial from
beneficial from previous indirect
danes? How a particular transaction
would be teeped simula aneously under Central GST (CGST)
and state GST (SGST)

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Answer 1

Answer:

With the cascading effect in place, the taxes were levied on the value on which the previous buyer has already paid the tax. Thus, GST removed this 'tax on tax' by bringing the concept of input tax credit that can be claimed at every stage by the seller or service providers.

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Answer 2

Answer:

The Central GST and the State GST would be levied simultaneously on every transaction of supply of goods and services except the exempted goods and services, goods which are outside the purview of GST and the transactions which are below the prescribed threshold limits.

Explanation:

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