<p style="text-align:justify"><span style="font-size:14px"><span style="background-color:white"><span style="color:#333333">GST in India is based on the &lsquo;dual GST&rsquo; model wherein both the central and state governments simultaneously tax all transactions within a particular state involving the supply of goods and services under CGST Act and SGST Act, respectively. These taxes are deposited by the taxpayers electronically and go directly into the respective government&rsquo;s CGST/SGST accounts.</span></span></span></p>

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<p style="text-align:justify"><span style="font-size:14px"><span style="background-color:white"><span style="color:#333333">Under the earlier regime, the powers to tax services and manufacturing transactions were with the central government whereas the power to tax sale transactions was with state governments exclusively.</span></span></span></p>