what is SGST And CGST??
Answers
Answer:
SGST means State Goods and Service Tax. It is covered under State Goods and Service Tax Act 2016. A collection of SGST will be the revenue for State Government. After the introduction of SGST all the state taxes like Value Added Tax, Entertainment Tax, Luxury Tax, Entry Tax etc. will be merged under SGST.
CGST:CGST is a tax charged on intrastate supply of goods and services by the central government and is governed by the CGST Act, 2017. ... This means that both the central government and the state governments agree to combine their tax collection and share the revenue in equal proportions.
SGST means State Goods and Service Tax. It is covered under State Goods and Service Tax Act 2016. A collection of SGST will be the revenue for State Government. After the introduction of SGST all the state taxes like Value Added Tax, Entertainment Tax, Luxury Tax, Entry Tax etc. will be merged under SGST
CGST is a tax charged on intrastate supply of goods and services by the central government and is governed by the CGST Act, 2017. ... This means that both the central government and the state governments agree to combine their tax collection and share the revenue in equal proportions