Tag Archives: #GSTExplained

What are the types of GST?

Types of GST In India, there are primarily four types of Goods and Services Tax (GST): State Goods and Services Tax (SGST): Levied by state governments on the supply of goods and services within the state. Central Goods and Services Tax (CGST): Levied by the central government on the supply of goods and services within… Read More »

Why is the output GST a liability?

Why is the Output GST a Liability? Introduction In the world of modern taxation, Goods and Services Tax (GST) plays a pivotal role in shaping the financial landscape for businesses. GST is a value-added tax imposed on the supply of goods and services, and it is collected by businesses on behalf of the government. One… Read More »