How many types of taxes will be in Indian GST?
A. 2
B. 3
C. 4
D. 5
E. 6
Answer: Option B
Solution(By Examveda Team)
There are three types of taxes :1. State GST (SGST)/Union Territory GST (UTGST),
2. Central GST (CGST) and
3. Integrated GST (IGST)
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Comments ( 13 )
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In India GST became effective from
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B. 1st January, 2017
C. 1st July, 2017
D. 1st March, 2017
In India GST came effective from July 1st, 2017 India has chosen _______ model of dual – GST.
A. USA
B. UK
C. Canadian
D. China
E. Japan
GST is a _______ based tax on consumption of goods and services.
A. Duration
B. Destination
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3 acc to drishti ias
Option c us correct because of IGST AND UGST are not similar so both are diffrent
Brother the correct answer should be 4 as SGST & UTGST are different from each other.
SGST is levied on Goods and Service tax meant for states in India other than union territories where as UTGST is for Union Territories of India.
P.s. Yes, Although they both are same but a minor thing differentiate both of them and that is (state )& (union territory). As both of these terms are different from each other.
there are 4 types of GST . SGST,CGST,IGST, UTGST
if intra state sales then we impose SGST & CGST.
If Inter state sales then we impose IGST.
if sales to union territory we impose UTGST
UTGST LIKE A SGST THATS WHY ANS (B) IS RIGHT
Name of the taxes
GST-Goods and service tax is replaced by many indirect taxes given by state and central.It is consumption tax.Three types of GST ie..CGST,SGST and IGST.
4 type of gst ,igst ,sgst,cgst.ugst
three types of GST: CGST , SGST, IGST.
actually the answer is 4 or 3
Introduction to GST and its 3 types- CGST, SGST, IGST AND UTGST are effectively supporting such major economic development programs.
UTGST will account for all the taxations under union territories in India.
UGST IS A TYPE OF SGST.
Why not 4 ugst igst sgst cgst