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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]
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 replaced existing multiple taxes levied by the central and state governments. It is an indirect tax (or consumption tax) used on the supply of goods and services. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes.
The Goods and Services Tax (GST) is an abolished value-added tax in Malaysia. GST is levied on most transactions in the production process, but is refunded with exception of Blocked Input Tax, to all parties in the chain of production other than the final consumer. The existing standard rate for GST effective from 1 April 2015 is 6%.
GST may refer to: Taxes. General sales tax; Goods and Services Tax, the name for the value-added tax in several jurisdictions: Goods and services tax (Australia)
The app currently supports Hindi, English, Marathi, Bengali, and Tamil. The intention is to eventually support all 22 languages. Saarthi's speech recognition, transliteration, and real-time AI-driven translation capabilities help businesses reach a wider audience, penetrate new markets, and attract more clients. Regular security upgrades for ...
This page was last edited on 18 April 2021, at 11:35 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...
The agency is tasked with collecting, collating, and disseminating intelligence related to evasion of Goods and Service Tax (GST). In 1983, it became an independent Directorate and in 1998 the Directorate was upgraded to Directorate General with four zonal units in Chennai, Delhi, Kolkata, and Mumbai.