How is GST administered in India?
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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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