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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]
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.
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.
In view of uncertainty due to the COVID-19 pandemic, the GST increase [14] will be deferred to after year 2022, with a S$6 billion Assurance Package proposed in 2020 to cushion the impact when the hike kicks in. The GST increase is later deferred again, with the increase taking place in two stages, 8% on 1 January 2023 and 9% on 1 January 2024.
The three-day early signing period will run from Wednesday, December 4 through Friday, December 6, wrapping up the day before the Power Four conferences hold their league championship games.
Writers have traditionally written abbreviated dates according to their local custom, creating all-numeric equivalents to day–month formats such as "11 December 2024" (11/12/24, 11/12/2024, 11-12-2024 or 11.12.2024) and month–day formats such as "December 11, 2024" (12/11/24 or 12/11/2024). This can result in dates that are impossible to ...
Some people believed that the HST would generate significantly more revenue, because while the PST revenue was estimated at $5.083 billion for 2009/2010, several sources concurred and estimated a 5% GST revenue for British Columbia of about $5 billion (or a tax base at about $100 billion after the current GST exemption concerning the public ...
Today's Wordle Answer for #1259 on Friday, November 29, 2024. Today's Wordle answer on Friday, November 29, 2024, is HIPPO. ... Assad regime in Syria may fall in days, US increasingly believes.