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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.
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]
Dr. Raja Chelliah Committee on tax reforms recommended the introduction of service tax. Service tax had been first levied at a rate of five per cent flat from 1 July 1994 till 13 May 2003, at the rate of eight per cent flat w.e.f 1 plus an education cess of 2% thereon w.e.f 10 September 2004 on the services provided by service providers.
[For historical record, here are previous year-end network rankers 2023, 2022, 2021, 2020, 2019, 2018, 2017, 2016, 2015.] THE MOST-WATCHED NETWORKS OF 2024 (BY TOTAL VIEWERS) Rank.
Several coaches are squarely on the NFL hot seat entering Week 18, with Mike McCarthy and Brian Daboll among those facing uncertain futures.
Protein is an essential macronutrient for everyone, and if you’re taking a weight loss drug, such as GLP-1 medications, you should be extra mindful about your intake.This is because muscle loss ...
The Gazette of India is a public journal and an authorised legal document of the Government of India. [1] It is published weekly by the Directorate of Printing Department of Publication, a subordinate office of the Ministry of Housing and Urban Affairs and printed by the Government of India Press.
International relations North Korea and weapons of mass destruction Kim Jong Un, the leader of North Korea, claims that the country is close to developing an intercontinental ballistic missile. (Reuters) Syrian Civil War The United Nations Security Council unanimously votes in favor of the Russian and Turkey -backed ceasefire currently in effect in Syria. (Al Jazeera) 2016 United Nations ...