Question

How many types of taxes are applied in GST?

Answer 1

Answer:

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Based on the kind of transaction, there are four types of GST, viz. Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), Integrated Goods and Services Tax (IGST), and Union Territory Goods and Services Tax (UTGST).

Answer 2

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(i) To receive the materials from receiving department. (ii) To maintain proper records of stores. (iii) To make arrangement for proper storage of materials and finished goods. (iv) To issue materials to production departments against proper and authorised requisition.