Write the structure of GST.

1.	Write the structure of GST.
Answer» Structure of GST SGST (State Goods and Services Tax): Levied Intra-state (or) within the state Eg: 1. VAT / sales tax, purchase tax 2. Entertainment tax, luxury tax 3. Lottery tax 4. State surcharges and cesses. Payable to state Government. CGST (Central Goods and Service Tax): Levied Intra state (or) within the state. Eg: 1. Central Excise Duty, services tax 2. Customs duty, surcharges 3. Education and sec. Hr. sec. cess. Payable to Central Government. IGST (Integrated Goods and Services Tax) Levied Inter State (or) between States. Payable to Central Government. Four major GST rates are 5%, 12%, 18%, 28%

Answer»

Structure of GST

SGST (State Goods and Services Tax):

Levied Intra-state (or) within the state

Eg:

1. VAT / sales tax, purchase tax

2. Entertainment tax, luxury tax

3. Lottery tax

4. State surcharges and cesses.

Payable to state Government.

CGST (Central Goods and Service Tax):

Levied Intra state (or) within the state.

Eg:

1. Central Excise Duty, services tax

2. Customs duty, surcharges

3. Education and sec. Hr. sec. cess.

Payable to Central Government.

IGST (Integrated Goods and Services Tax)

Levied Inter State (or) between States.

Payable to Central Government.

Four major GST rates are

5%, 12%, 18%, 28%

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