Question

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%

PLEASE EXPLAIN THE ANSWER

Answer 1

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

Answer 2

For intra-state sales of an article, the SGST percentage share is 50%. (option b).

• Intrastate GST is imposed on the supply of goods within the same state or union territory where the supplier resides, according to the GST Act.

• State Goods and Service Tax (SGST) is imposed by the state government, whilst Central Goods and Service Tax (CGST) is paid to the federal government.

• In an intra-state transaction, the seller collects GST from the buyer, which is subsequently imposed proportionately by the state and federal governments.

• As a result, for the 100 percent GST rate applicable to the buyer, SGST and CGST are levied in equal amounts. As a result, SGST levies a 50% tax on top of the entire GST.