Explanations:The Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. It is designed to replace multiple indirect taxes with a single tax system. The GST is divided into three main types: CGST (Central GST), SGST (State GST), and IGST (Integrated GST).
CGST is the portion of the GST that goes to the central government, while SGST is the portion that goes to the state government. These two taxes are applicable for intra-state transactions, which are transactions that occur within the same state. For example, if a transaction takes place entirely within Maharashtra, both CGST and SGST will be applicable.
IGST, on the other hand, is applicable for inter-state transactions, which are transactions that occur between different states. IGST is a single tax that is levied on the supply of goods and services from one state to another. It is collected by the central government and then distributed to the respective state governments based on the destination of the goods or services.
In the context of the question, the transaction is specified to be within Maharashtra. Therefore, the GST types that apply are CGST and SGST. IGST is not applicable in this scenario because it is only used for inter-state transactions.
It is important to understand the distinction between these GST types to correctly identify which taxes apply to a given transaction. The correct answer is that both CGST and SGST are applicable for intra-state transactions within Maharashtra, making option D the correct choice.