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The tax rates, rules and regulations are governed by the GST Council which consists of the finance ministers of the central government and all the states. The GST is meant to replace a slew of indirect taxes with a federated tax and is therefore expected to reshape the country's $3.5 trillion economy, but its implementation has received criticism.
Circular 230, a document that sets forth the rules to practice before the United States Treasury Department; Court Circular, the official record that lists the engagements carried out by the Monarch of the United Kingdom; Massachusetts Circular Letter, a 1768 statement written by Samuel Adams and passed by the Massachusetts House of Representatives
Based on inputs from GoI and States, The EC released its First Discussion Paper on Goods and Services Tax in India on 10 November 2009 with the objective of generating a debate and obtaining inputs from all stakeholders. A dual GST module for the country has been proposed by the EC. This dual GST model has been accepted by centre.
A government circular is a written statement of government policy. It will often provide information, guidance, rules, and/or background information on legislative or procedural matters. See also
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Income-tax law consists of the 1961 act, Income Tax Rules 1962, Notifications and Circulars issued by the Central Board of Direct Taxes (CBDT), annual Finance Acts, and judicial pronouncements by the Supreme and high courts.
The publication of The Gazette is executed as per the government of India (allocation of business rules) issued from time to time by the cabinet secretariat. The Department of Publication is headed by the controller of publications with the assistance of two assistant controllers, one financial officer and an assistant director.
In 2010, 84.2% of all GST paid was collected from foreigners and the top 40% of Singaporean households, while the bottom 20% of households contributed only 4% of all GST paid. The government argued that as the GST was a core part of a fiscal system that provides transfers to the lower income, reducing the GST rate would be costly and ...