Full form of GST is “Goods and Services Tax” (India). Goods and Services Tax (GST) Come under the indirect tax control by Government of India on the flow of goods and services. To functioning, Government needs Money and taxes are a key source of income for a Government.
FAQ on GST
full form of GST is Goods and Services Tax
Below product are not taxed under GST and instead are taxed separately by the individual state governments
2) Alcoholic drinks
3) Petroleum products
gst is divided into five different tax slabs for collection of tax.
1) Exempted GST Rate Slab (No Tax)
2) 5% GST Rate Slab
3) 12% GST Rate Slab
4) 18% GST Rate Slab
5) 28% GST Rate Slab
credit Source of information: Link
The GST was launched from 1 July 2017 by the PM, and the Gov of India.
total number of GST Council has 33 members
You can get the GST number from Official GST Portal.
1) (CGST) – Central Goods & Service Tax
2) (SGST) – State Goods & Services Tax
3) (IGST) Integrated Goods & Services Tax
4) (UTGST) Union Territory Goods & Services Tax
GST stands for Goods and Services Tax, GST is divided into five slabs. GST divided into 4 type CGST, SGST, IGST and UTGST.