Whats is GST and CGST SGST IGST EXPLAIN?

Question

Accepted Answer

GST is Goods and Services Tax, a unified tax system in India. CGST, SGST, and IGST are different components of GST.

GST stands for Goods and Services Tax, implemented in India to replace multiple indirect taxes.
CGST is Central Goods and Services Tax, levied by the central government on intra-state transactions.
SGST is State Goods and Services Tax, levied by the state government on intra-state transactions.
IGST is Integrated Goods and Services Tax, levied by the central government on inter-state transactions.
Example: If a product is sold within the same state, CGST and SGST are applicable. If sold between states, IGST is applicable.

Accepted Answer

GST is a tax CGST is a Central tax and IGST is a international tax

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