ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

  • google app store apple app store
  • тЬЦ

      Question

      Which of the below import duties would be

      imposed?
      A CGST Correct Answer Incorrect Answer
      B SGST Correct Answer Incorrect Answer
      C IGST Correct Answer Incorrect Answer
      D CGST and SGST Correct Answer Incorrect Answer

      Solution

      CGST (Central Goods and Services Tax) and SGST (State Goods and Services Tax) are applicable to domestic supplies within a state in India. IGST (Integrated Goods and Services Tax) is imposed on import of goods and services into India and on inter-State supplies of goods and services. It is a combination of both CGST and SGST. IGST is collected by the Central Government for both inter-State supplies and imports.

      Practice Next
      More Accounts Questions
      ask-question