How is GST administered in India? - Vidyadip

Question

How is GST administered in India?

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Answer

Keeping the federal structure of India, there will be two components of GST, i.e, Central GST (CGST) and State GST (SGST).

Both centre and states will levy GST across the value chain simultaneously.
Centre would levy and collect CGST and states would levy and collect the SGST on all transactions within a state.
The input tax credit of CGST would be available for discharging the CGST liability on the output at each stage.
Similarly, the credit of SGST paid on inputs would be allowed for paying the SGST on output.

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