What are the different types of GST?
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There are primarily three types of GST:
CGST (Central Goods and Services Tax): It is levied by the central government on intra-state supplies of goods and services.
SGST (State Goods and Services Tax): It is levied by the state government on intra-state supplies of goods and services.
IGST (Integrated Goods and Services Tax): It is levied by the central government on inter-state supplies of goods and services and is later apportioned between the center and states.