What GST and CGST SGST IGST explain?

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Accepted Answer

GST stands for Goods and Services Tax, CGST stands for Central Goods and Services Tax, SGST stands for State Goods and Services Tax, and IGST stands for Integrated Goods and Services Tax.

GST is a comprehensive indirect tax on the supply of goods and services throughout India.
CGST is the tax collected by the Central Government on an intra-state sale of goods and services.
SGST is the tax collected by the State Government on an intra-state sale of goods and services.
IGST is the tax collected by the Central Government on an inter-state sale of goods and services.
Example: If a product is sold within the same state, both CGST and SGST will be applicable. If a product is sold between two different states, IGST will be applicable.

What GST and CGST SGST IGST explain?

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