VATupdate

Share this post on

Types of taxes under GST: CGST, SGST, IGST

Since India is primarily a federal state and the tax revenue from the supply of goods and services has to be proportionately shared between the centre and states, a three-tier tax system was introduced under the GST. Under this system, tax liabilities arise, based on the movement of the goods or services within or outside a state.

Source: housing.com

Sponsors:

VAT news
VAT news

Advertisements:

  • AXWAY - VATupdate Banner