vhjjxjkkmxjcc full form of GST
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goods and services tax
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GST : Goods and Service Tax.
This is the tax enforced on manufacturing and sale of goods across the country.
Some exception:
Industries/small businesses having a turnover of less than 30 lakh are exempted from paying GST.
There are three levels of GST:
CGST: Central Goods and Service Tax. [central have the taxation power]
SGST: State Goods and Service Tax. [state have the taxation power]
IGST:Integrated Goods and Service Tax.[union territory have taxation power]
This is the tax enforced on manufacturing and sale of goods across the country.
Some exception:
Industries/small businesses having a turnover of less than 30 lakh are exempted from paying GST.
There are three levels of GST:
CGST: Central Goods and Service Tax. [central have the taxation power]
SGST: State Goods and Service Tax. [state have the taxation power]
IGST:Integrated Goods and Service Tax.[union territory have taxation power]
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