Deccan Cements Interview Questions and Answers

GST stands for Goods and Services Tax. It is a comprehensive indirect tax levied on the supply of goods and services.

• GST is a value-added tax system implemented in many countries to replace multiple indirect taxes.

• It aims to simplify the tax structure, eliminate cascading effects, and promote ease of doing business.

• There are mainly four types of GST: CGST (Central Goods and Services Tax), SGST (State Goods and Services...read more

There are four types of GST: CGST, SGST, IGST, and UTGST.

• CGST (Central Goods and Services Tax) is levied by the central government on intra-state supplies of goods and services.

• SGST (State Goods and Services Tax) is levied by the state government on intra-state supplies of goods and services.

• IGST (Integrated Goods and Services Tax) is levied by the central government on inter-state supplies of goods and services.

• UTGST ...read more