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The National Academy of Customs, Indirect Taxes and Narcotics (NACIN) formerly known as National Academy of Customs, Excise and Narcotics (NACEN) [3] is the apex civil service training institute of Government of India for capacity building of civil servants in the field of indirect taxation, particularly the areas of customs, GST, central excise, service tax and narcotics control administration.
The eligibility for admission in 20 general and science and technology universities is verified through this test. [1] The first GST examination was held in 2021 for university admission phase in the 2020–2021 academic year. In 2024 admission phase, more than 300 thousand students applied to take the test. [2]
Direct tax in the form of an income tax was introduced by Sir James Wilson in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. [12] The organisational history of the Income-tax Department, however, starts in the year 1922, when the Income-tax Act [4], 1922 gave, for the first time, a specific nomenclature to various Income-tax authorities.
Pre-GST, the statutory tax rate for most goods was about 26.5%; post-GST, most goods are expected to be in the 18% tax range. The tax came into effect from 1 July 2017 through the implementation of the One Hundred and First Amendment to the Constitution of India by the Government of India . 1 July is celebrated as GST Day. [ 4 ]
Logo of National Council for Vocational Education & Training. National Council for Vocational Education and Training is an autonomous,non-statutory and regulatory body under Ministry of Skill Development and Entrepreneurship for monitoring the institutions engaged in providing short term and long term educational training in vocational education and designing the basic standards required for ...
The PMGSY is under the authority of the Ministry of Rural Development and was begun on 25 December 2000. [6] It is fully funded by the central government. During November 2015, following the recommendations of the 14th Finance Commission, the Sub-Group of Chief Ministers on Rationalization of Centrally Sponsored Schemes, it was announced that the project will be funded by both the central ...
National Electronic Funds Transfer (NEFT) is an electronic funds transfer system maintained by the Reserve Bank of India (RBI). Started in November 2005, the setup was established and maintained by Institute for Development and Research in Banking Technology. [1]
Khadi and Village Industries Commission holds the exclusive rights to use the trademark "Khadi" and "Khadi India". The National Internet Exchange of India Domain Dispute Policy (INDRP) Arbitration Tribunal in New Delhi rejected the contention of a private entity that "Khadi" is a generic word.