- Goods and services tax (GST) is an indirect tax levied in India on the supply of goods and services.
- Three types of GST in India
- Central GST (CGST)
- State GST (SGST)
- Integrated GST (IGST)
- Central GST (CGST) and State GST (SGST) for intrastate transactions and IGST (Integrated GST) for interstate transactions.
- GST is divided into five tax slab 0%, 5%, 12%,18% and 28%