Search results
Results from the WOW.Com Content Network
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.
A payment surcharge, also known as checkout fee, is an extra fee charged by a merchant when receiving a payment by cheque, credit card, charge card, debit card or an e-money account, [1] but not cash, which at least covers the cost to the merchant of accepting that means of payment, such as the merchant service fee imposed by a credit card company. [2]
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]
It was proposed to cut highest surcharge rate to 25% from existing 37.5% under New Tax Regime for income exceeding ₹2 crore. This proposal would lead to a decrease in the maximum tax rate from the current 42.74% to 39%, which is one of the highest in the world.
A surcharge may refer to: An extra fee added onto another fee or charge Bunker adjustment factor, sea freight charges which represents additions due to oil prices; Surcharge (payment systems), charged by merchants when receiving payment by cheque, credit, charge or debit card; An overprint that affects the value of a postage stamp
A customs duty or due is the indirect tax levied on the import or export of goods in international trade. In economics a duty is also a kind of consumption tax. A duty levied on goods being imported is referred to as an 'import duty', and one levied on exports an 'export duty'.
While load factors were typically in the 70-75 per cent range a generation ago, today airlines strive for 90-95 per cent. These figures generally include no-shows, which easyJet estimates as 5 per ...
The tax is to be paid by a registered trader within 40 days. As per the rules, every trader whose annual turnover of purchase and sales of the goods included in the taxable schedule is not less than ₹ 5000 and if the annual turnover of purchase and sales of all the goods is not less than ₹ 1,00,000 (one lakh) is supposed to be registered with the local civic body i.e. municipality.