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In April, 2008, the EC submitted a report, titled "A Model and Road map for Goods and Services Tax (GST) in India" containing broad recommendations about the structure and design of GST. In response to the report, the Department of Revenue made some suggestions to be incorporated in the design and structure of proposed GST bill.
The GST is imposed at variable rates on variable items. The rate of GST is 18% for soaps and 28% on washing detergents. GST on movie tickets is based on slabs, with 18% GST for tickets that cost less than ₹100 and 28% GST on tickets costing more than ₹100 and 28% on commercial vehicle and private and 5% on readymade clothes. [33]
Articles 264 - 291 on Finance (Articles 264 - 267 - General; Articles 268 - 281 - Distribution of Revenues between the Union and the States; Articles 282 - 291 - Miscellaneous Financial Provisions ) A-264. Interpretation. A-265. Taxes not to be imposed save to be by authority of law. A-266.
The Taxing and Spending Clause [1] (which contains provisions known as the General Welfare Clause [2] and the Uniformity Clause [3]), Article I, Section 8, Clause 1 of the United States Constitution, grants the federal government of the United States its power of taxation. While authorizing Congress to levy taxes, this clause permits the ...
The Constitution of India, which came into effect on 26 January 1950 is the lengthiest written constitution in the world. [21] Although its administrative provisions are to a large extent based on the Government of India Act 1935 , it also contains various other provisions that were drawn from other constitutions in the world at the time of its ...
23. Regulation of mines and mineral development subject to the provisions of List I with respect to regulation and development under the control of the Union. 24. Industries subject to the provisions of Entries 7 and 52 of List I. 25. Gas and gas-works. 26. Trade and commerce within the State subject to the provisions of Entry 33 of List III. 27.
It also possesses unitary features such as a single constitution, single citizenship, an integrated judiciary, a flexible constitution, a strong central government, appointment of state governors by the central government, All India Services (the IAS, IFS and IPS), and emergency provisions. This unique combination makes it quasi-federal in form.
However, many provisions in the constitution outside these lists permit parliament or state Legislative assembly to legislate. Excluding the provisions of the constitution outside these lists per Article 245 , the power to legislate on such subjects, rests with the parliament exclusively per Article 248. [ 4 ]