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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 ]
Tax collection in Service of the Nation: Agency overview; Formed: 26 January 1944; 80 years ago () Employees: 19,178 (Gazetted Officers) 53,754 (Non Gazetted Officers) Jurisdictional structure; Federal agency: India: Operations jurisdiction: India: Governing body: Government of India: General nature
From 1 May 2018 onwards Ministry of Finance of Government of India started releasing monthly GST revenue collection data via official press release through Press Information Bureau. And to further improve transparency Government of India started issuing state-wise monthly collection data from 1 January 2020.
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The tax policy is not limited to raising of revenue. As a part of the overall policy of the Government of India, the tax policy also serves as a tool to address several other objectives in the process of development of the country. These objectives may include providing for incentives and disincentives in the target areas/segments of the economy.
"1923" will have its network premiere on Dec. 8 at 9 p.m. ET/PT and 8 p.m. CT on the Paramount Network.. The show will debut right after a new episode of "Yellowstone" Season 5, which airs at 8 p ...
The tax came into effect from 1 July 2017 through the implementation of the One Hundred and First Amendment of the Constitution of India by the Indian government. The GST replaced existing multiple taxes levied by the central and state governments. It an indirect tax (or consumption tax) used on the supply of goods and services. It is a ...
"Around the Horn" began in 2002 with Max Kellerman as its original host. Reali took over hosting duties in 2004 and has remained in the role ever since.