Consider the following statements regarding GST (Goods and Services Tax):
(i) Both Central and State taxes will be collected at the time of sale.
(ii) Central and State GST will be charged on manufacturing costs.
Which of the statements given above is/are correct?

Goods and Services Tax (GST) is a destination-based consumption tax, meaning it is collected at the point of sale (supply) to the final consumer rather than at the point of origin or manufacturing cost. Both Central GST (CGST) and State GST (SGST) are concurrently levied on the transaction value at the time of supply. Hence, statement (i) is correct while statement (ii) is incorrect.