Full form of GST

Goods and Services Tax (GST)

The dual system of GST includes the following :

1. State GST or SGST - that shall be collected by State Government.
2. Central GST or CGST - that shall be collected by Central Government.
3. Integrated GST or IGST - that shall be collected by Central Government.

GST or Goods and Services Tax is a new tax that is likely to bring with it new and different challenges to face.There may some initial hurdles in its implementation that are likely to be overcome in the coming days.