Question
In to how many component is GST divided?
Solution
The GST law in India consists of four types of taxes: CGST, SGST, UTGST, and IGST. CGST is levied on intrastate transactions, SGST/UTGST on interstate transactions within states/Union Territories, and IGST on transactions between states. Correct GSTIN identification is essential. IGST is applicable to import/exports.
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