(4)a is greater or equal to b there are four law Bankingīut there are other conditions in which A is Not equal B then it is called In Equations there are four Condition of in equation In intra-state sales, GST is divided equally among Centre and State Governments. (ii) State Goods and Services Tax (SGST) or Union Territory Goods and Services Taxīoth these taxes are levied on intra-state sales ie. (1) Central Goods and Services Tax (CGST). There are three taxes applicable under GST: GST paid by a dealer isĬalled Input GST and GST collected from a customer is called Output GST.ĥ. GST is paid by dealers on purchase of goods and servicesĪnd is collected from customers on sale of goods and services. Sales of goods and services outside the state (or Union Territory) are called inter-state sales.Ĥ. Sales of goods and services within the same state (or Union Territory) are called intra-state sales.ģ. Any person who buys goods or services for resale is known as a dealer (or trader). New Learning Composite Mathematics – Class 8 Solution S.K.Goods and Services Tax (abbreviated GST) is an indirect tax levied on the supply of goodsġ. New Learning Composite Mathematics – Class 7 Solution S.K. New Learning Composite Mathematics – Class 6 Solution S.K.
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