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The Goods and Services Tax (GST) is a Value added Tax (VAT) proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level. It replaces all indirect taxes levied on goods and services by the Indian Central and state governments.
The existing general sales tax laws were replaced with the Value Added Tax Act (2005) and associated VAT rules. A few states ( Gujarat , Tamil Nadu , Rajasthan , Madhya Pradesh , Chhattisgarh , Jharkhand , Uttarakhand and Uttar Pradesh ) opted to stay out of VAT taxation system during the initial introduction of VAT but adopted it later.
The Combined Defence Services Examination (CDS) is a standardised test conducted annually by the Union Public Service Commission (UPSC) for recruitment of officer cadets in the Indian Military Academy (IMA), Indian Naval Academy (INA), Air Force Academy (AFA), and Officers Training Academy (OTA).
Value added is a term in financial economics for calculating the difference between market value of a product or service, and the sum value of its constituents. It is relatively expressed to the supply-demand curve for specific units of sale. [ 1 ]
The National Defence Academy and Naval Academy Examination is an entrance examination conducted by the Union Public Service Commission (UPSC) twice a year for admissions into the National Defence Academy (NDA) and Indian Naval Academy (INA). [1] The NDA Exam serves as a gateway for candidates seeking a career in the Indian Army, Navy, and Air ...
The Engineering Services Examination (ESE) is a standardized test conducted annually by the Union Public Service Commission (UPSC) to recruit officers to various engineering Services under the Government of India.
Value Added Tax (VAT) is an indirect tax levied on the value creation or addition. The concept of VAT in Nepal was introduced in FY 2049/50 but the act was developed in BS 2050. VAT was implemented in 1998 and is the major source of government revenue.
In economics, gross value added (GVA) is the measure of the value of goods and services produced in an area, industry or sector of an economy. "Gross value added is the value of output minus the value of intermediate consumption; it is a measure of the contribution to GDP made by an individual producer, industry or sector; gross value added is the source from which the primary incomes of the ...