Explaining SGST (State goods & services tax) in simple english.
Dec. 07, 2016
Let me explain you SGST through a simple example. Everyone of us of eats burgers at McDonalds. Have you ever noted the term "VAT" on the bill, while making the payment? Yes!!! This is the tax that state government charges. Its full form is "Value added tax". VAT is charged on every item that is sold. This VAT is now called as SGST. Rather, SGST includes not only VAT, but other taxes charged by government too. To know more, read my articles on GST.