what is the full form of Gst?what are the types of Gst ?
Answers
GST Full Form is Goods and Services Tax. ... The taxes thus collected are spent by Govt. on the public. These taxes are broadly classified into two types : Direct Tax and Indirect Tax. Direct Tax – Direct Tax is imposed on the Income of an individual.
Answer:
GST Full Form & GST Meaning. GST Full Form is Goods and Services Tax. Before learning more about Goods and Sevice Tax, let's try to understand how taxes in India work. The Government of any country needs money for its functioning and taxes are a major source of revenue for a Government.
Explanation:
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). CGST is charged on the intra state supply of products and services.