Types of GST in India
8 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which type of GST is levied on the consumption of goods and services within a country?

  • State GST (SGST)
  • Central GST (CGST)
  • Union Territory GST (UTGST)
  • Integrated GST (IGST) (correct)

In which scenario is the Central Goods and Services Tax (CGST) applicable?

  • Levied by the central government on all goods and services
  • Levied by the state government on all goods and services
  • Intra-state supply of goods or services (correct)
  • Inter-state supply of goods or services

Which type of GST is applicable to the supply of goods or services between two states in India?

  • Central GST (CGST)
  • Integrated GST (IGST) (correct)
  • State GST (SGST)
  • Union Territory GST (UTGST)

Integrated Goods and Services Tax (IGST) is applicable to the supply of goods or services within a state in India.

<p>False (B)</p> Signup and view all the answers

Is there only one type of GST in India?

<p>False (B)</p> Signup and view all the answers

Under which circumstance is the Union Territory Goods and Services Tax (UTGST) applicable?

<p>Supply of goods or services within a union territory (B)</p> Signup and view all the answers

State Goods and Services Tax (SGST) is not applicable to the supply of goods or services within the same state in India.

<p>False (B)</p> Signup and view all the answers

The Central Goods and Services Tax (CGST) is not applicable to the supply of goods and services within a state in India.

<p>False (B)</p> Signup and view all the answers

More Like This

GST vs VAT in India
5 questions

GST vs VAT in India

AltruisticBeige avatar
AltruisticBeige
Goods and Services Tax (GST) in India
38 questions
Use Quizgecko on...
Browser
Browser