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How would a particular transaction of goods and services be taxed simultaneously under CGST and SGST?

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How would a particular transaction of goods and services be taxed simultaneously under Central GST (CGST) and State GST (SGST)?

posted Nov 8, 2016 by Pragya (message)

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The Central GST and the State GST would be levied simultaneously on every transaction of supply of goods and services except on exempted goods and services, goods which are outside the purview of GST and the transactions which are below the prescribed threshold limits. Further, both would be levied on the same price or value unlike State VAT which is levied on the value of the goods inclusive of Central Excise.

A diagrammatic representation of the working of the Dual GST model within a State is shown in Figure 1 below.

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answer Nov 8, 2016 by Lub Startup (message)
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