Question

Which among the following statements about GST is correct?

• A. GST is levied only by the State Government
• B. GST is decided by the GST Council, and components like SGST go to State Governments
• C. GST is collected only by the Central Government
• D. Only luxury goods are under GST

Answer 1

Answer:

B. GST is decided by the GST Council, and components like SGST go to State Governments

• GST is a comprehensive tax, decisions about which are made by the GST Council, and State Governments receive their share through SGST and a part of IGST