What is the GST?

Breaking Down the Goods and Services Tax (GST) The goods and services tax (GST) is an indirect federal sales tax that is applied to the cost of certain goods and services.

What does SGST stand for?

^ "SGST - State Goods and Service Tax | Features & Examples of SGST". ^ "CGST (Central Goods and Service Tax) - Meaning & Rates Slab". ^ a b "What is GST? - Goods and Services Tax in India".

What does CGST stand for?

^ "CGST (Central Goods and Service Tax) - Meaning & Rates Slab". ^ a b "What is GST? - Goods and Services Tax in India". ^ a b "IGST - Integrated Goods and Services Tax | Meaning & Example". ^ "About Us – GSTN". gstn.org. Retrieved 6 February 2018. ^ Debroy, Bibek. "Is the world simpler than it was before GST? This jury is in". The Economic Times.

What is a unified GST platform?

A country with a unified GST platform merges central taxes (e.g. sales tax, excise duty tax, and service tax) with state-level taxes (e.g. entertainment tax, entry tax, transfer tax, sin tax, and luxury tax) and collects them as one single tax.