What is GST ? when GST is applied on goods and service and types of GST.

Hi Friends todays we are going to learn about GST ,what is GST AND when GST is applied on Goods and Service And Types of GST.

GST : (Goods and service tax)

GST is an indirect tax  like charge of goods  that's levied  during the supply of any goods and service GST levied on all of the states in India except this states that' following below  :

1.  Jammu and Kashmir
   
   
   

When GST is levied :

when an individual , company ,firm , or Pvt. ltd. purchase goods from any availed shop , firm , company who is registered under GST Act 2017. then supplier of goods levied GST on that goods which is Purchased by trader .

Four types of tax levied by registered company, firm, individual, etc. under GST

1. IGST
2. CGST
3. SGST
4. UTGST

About FOUR types of tax as may be prescribe soon by learningtaxpoint.blogspot.com

                                                                                           learningtaxpoint.blogspot.com