The percentage share of SGST of total GST for an Intra-State sale of an article is
(a) 25%
(b) 50%
(c) 75%
(d) 100%
Answers
The percentage share of SGST of total GST for an Intra-State sale of an article is 50%
=> 50% is the answer
Step-by-step explanation:
Intrastate business is business conducted within a particular state.
SGST is a tax levied on Intra State supplies of both goods and services by the State Government.
So, for that SGST is paid.
SGST is half of GST.
Thus, it is 50% of it.
Hence, 50% is the answer
Given : The percentage share of SGST of total GST for an Intra-State sale of an article
To Find: Choose correct option
(a) 25%
(b) 50%
(c) 75%
(d) 100%
Solution:
GST is Goods and service Tax
Applicable on all the goods and services which comes under GST regime.
There are different rate of GST for different category of product and services
5% , 12% , 18% and 28%
GST for Intra-State Transactions ( Transactions with in same state)
are Equally divided in 2 categories
CGST and SGST
CGST = SGST = GST/2
CGST = SGST = 50% of GST
CGST = Central GST
SGST = State GST
GST for Inter-State Transactions ( Transactions between different states)
is full GST and is called IGST - Interstate GST
The percentage share of SGST of total GST for an Intra-State sale of an article is 50% .
Correct option is b) 50 %
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