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LEVY AND COLLECTION OF CGST AND SGST 1. MEANING OF LEVY AND COLLECTION Levy means the legal imposition of tax by the government. Collection means the actual recovery of that tax from the taxpayer. Under GST, tax is levied on the supply of goods and services , not on manufacture or sale alone. 2. LEGAL PROVISION (BARE PROVISION) Section 9(1) of the Central Goods and Services Tax Act, 2017 Bare Provision (Simplified) There shall be levied a tax called Central Goods and Services Tax on all intra-state supplies of goods or services or both , except alcoholic liquor for human consumption. The tax is charged on the value determined under Section 15 and at rates notified by the government. Section 9(1) of the State Goods and Services Tax Act, 2017 Bare Provision (Simplified) State GST is also levied on intra-state supply of goods or services in the same manner as CGST. 3. IMPORTANT POINTS FROM BARE PROVISION Tax is levied on supply Applies only to intra-state transactio...