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GOODS & SERVICES TAX
What does GST stand for and when was it implemented in India?
GST stands for Goods and Services Tax, implemented in India on 1st July 2017 as a comprehensive indirect tax replacing multiple central and state taxes.
What is the full form of CGST under the GST framework?
Central Goods and Services Tax levied by central government.
Which constitutional amendment enabled the introduction of GST in India?
The 101st Constitutional Amendment Act, 2016 enabled the introduction of GST in India by inserting Article 246A, giving both Parliament and State Legislatures power to levy GST.
What is the full form of SGST under the GST framework?
State Goods and Services Tax levied by state governments.
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