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This was just a brief description of the salient features of GST, for comprehensive explanation you can check out our Goods and services tax (GST) assignment sample on our website.
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Goods and services tax (GST) includes the following components:
CGST: It is a tax levied by the national government on intra-state transactions
SGST: It is the tax levied by the state authority on purchases made within the state
IGST: It is a tax levied by the federal government on interstate transactions
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In certain cases, the provider of products or services is responsible for paying GST. Even so, under such circumstances, such as shipments and other informed materials, the receiver can be held liable under the reverse charge process. You can find a detailed description of the topic on our online goods and services tax (GST) assignment help.
The GST is a kind of a tax imposed on certain products and services offered for local utilization. Consumers pay the GST, but companies providing the products and services must mandate it to the government.
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