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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.
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]
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 comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes.
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.
West Bengal is the state with the second highest population density in India. The state is dotted with several large and medium cities and towns. Historically, the main source of income of the people of West Bengal has been farming, and, as a consequence, the state previously had a large rural population skew. At the turn of the 20th century ...
The centre has established a number of industries in the areas of tea, sugar, chemicals and fertilisers. Natural resources like tea and jute in and nearby parts have made West Bengal a major centre for the jute and tea industries. West Bengal is at the forefronts of leather processing and leather goods manufacturing and has around 666 units ...
Chaz Lanier scored 29 points to lead No. 1 Tennessee over No. 23 Arkansas 76-52 on Saturday and tie for the best start to a season in program history. The Volunteers (14-0, 1-0 Southeastern ...
In 1947, when India gained independence, the state of West Bengal was formed, with 14 districts, as per partition plan of the then Bengal province of British India. [ 2 ] [ 3 ] The former princely state Koch Bihar joined as a district on 26 January 1950, [ 4 ] and the former French enclave Chandannagore joined as part of the Hooghly district in ...