CGST, SGST, IGST and UGST – Meaning, Apportionment and Method of Payment
Unlike the VAT regime, GST is a destination-based tax. It means that it will be paid in the state where the end user or the consumer buys the goods or services. Since India is a federal country, where both central and state governments are empowered to earn revenue by collecting taxes, GST is further sub-divided…