Explain types of gst along with its merits - Business Studies - Internal Trade

Question

Explain types of gst along with its merits?

Suman Lata · Accepted Answer

Dear Student The significant types- CGST, SGST, IGST and UTGST will
provide a smooth mechanism of tax collection for the respective
central, state and union territory governments of India GST
eliminates the cascading effect of tax Higher threshold for
registration Composition scheme for small businesses Simple and
easy online procedure The number of compliances is lesser Defined
treatment for E-commerce operators Improved efficiency of logistics
Unorganized sector is regulated under GST Regards