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Commerce · Q10

GST

Graduate and Post Graduate · Commerce · question 10

Q10

What are the taxes levied on an Intra-State Supply?

A.
CGST
B.
SGST
C.
CGST and SGST
Answer
D.
IGST

Answer: Option C

Solution

Answer: Option C
Solution:
When the place of supply of buyer as well as the location of the seller is in the same state, a seller must collect both SGST and CGST from the buyer. The SGST gets deposited with the state government, and CGST gets deposited with the central government.