Two categories of GST charged on each commodity in India
A layman query about GST in India as below:
I am a retailer in India. Understand there are three types of GST which are IGST, CGST and SGST. Should I need to pay IGST, CGST and SGST separately under each transaction of movement of goods and services?
There are traders having same doubts above who are not aware of about GST.
When sale or movement of goods and services happens, two types of GST are charged. CGST is charged against all transactions. Second element is either SGST or IGST. The details about CGST, IGST and SGST have been explained separately. You may kindly read in this web blog
Reasons for charging two elements of GST instead of one GST in India.
India is a federal country where both the Centre and the States have been assigned the powers to levy and collect taxes through appropriate legislation. Both the levels of Government have distinct responsibilities to perform according to the division of powers prescribed in the Constitution for which they need to raise resources. A dual GST will, therefore, be in keeping with the Constitutional requirement of fiscal federalism.
The above information explains the importance of two GSTs charged in India.
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