Goods and Services Tax (GST) in India is categorized into several types based on the nature of the goods or services being taxed. The GST system in India follows a dual structure, comprising the Central Goods and Services Tax (CGST) and the State Goods and Services Tax (SGST), which are levied by the central and state governments respectively. Additionally, there's also the Integrated Goods and Services Tax (IGST) that is applicable to interstate transactions.

Here are the main types of GST in India:

Central Goods and Services Tax (CGST): This tax is levied by the central government on the supply of goods and services within a state. The revenue from CGST goes to the central government.

State Goods and Services Tax (SGST): This tax is levied by the state government on the supply of goods and services within a state. The revenue from SGST goes to the state government.

Integrated Goods and Services Tax (IGST): This tax is applicable to the supply of goods and services between different states or union territories. It is collected by the central government and then distributed among the states. This helps avoid complexities in tracking interstate transactions and ensures seamless movement of goods and services.

Union Territory Goods and Services Tax (UTGST): Similar to SGST, this tax is levied by Union Territories that have their own legislative assemblies. It is applicable to the supply of goods and services within the respective Union Territory.

Compensation Cess: This is an additional levy that can be imposed on certain goods and services to compensate states for any revenue losses during the transition to the GST regime. It primarily applies to luxury and sin goods like tobacco, aerated drinks, and automobiles.

It's important to note that the GST rates for various goods and services can vary, and they are broadly categorized into different slabs: 5%, 12%, 18%, and 28%. Some essential items may be taxed at 0% or are exempted from GST altogether. Additionally, certain goods and services can attract a higher rate of GST due to the compensation cess.