The conversation between human and AI assistant.
In the GST bill, what is the meaning of SGST, IGST and CGST when there should be just one kind of tax to be levied?
But isn't it simpler to just have one type of tax instead of three?
The reason for different types of taxes under GST is to ensure that both the central and state governments have a say in the tax system. Through this, the tax revenue is shared equally between the two.