FAQs

• What are the different types of GST?

  There are three types of GST in India: CGST (Central Goods and Services Tax), SGST (State Goods and Services Tax), and IGST (Integrated Goods and Services Tax). CGST is levied by the central government on intra-state supplies of goods and services, while SGST is levied by the state government on intra-state supplies. IGST is levied by the central government on inter-state supplies of goods and services.

• What is the GST rate in India?

  The GST rate in India varies depending on the type of goods or services being supplied. There are four GST rates in India: 5%, 12%, 18%, and 28%. Additionally, certain goods and services are exempt from GST, while others are subject to a cess in addition to the GST rate.

• Is having a GSTIN (Goods and Services Tax Identification Number) mandatory?

  Yes, it is. Under the GST Act, all firms and organizations that pay indirect taxes on their products and services must possess a unique GSTIN (Goods and Services Tax Identification Number).