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For inter-state transactions and imported goods or services, an Integrated GST (IGST) is levied by the Central Government. GST is a consumption-based tax/destination-based tax, therefore, taxes are paid by the state where the goods or services are consumed not the state in which they were produced.
The Goods and Services Tax (GST) is a Value added Tax (VAT) proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level. It replaces all indirect taxes levied on goods and services by the Indian Central and state governments.
Import duty refers to taxes levied on imported goods, capital and services. The level of customs duties is a direct indicator of the openness of an economy to world trade. However, there may also be import barriers that are not based on the levy of duties.
Month 2024-25 2023-24 2022-23 2021-22 2020-21 2019-20 2018-19 2017-18 Collections M-O-M Change Collections M-O-M Change Collections M-O-M Change Collections
Integrated Goods and Services Tax (IGST): tax for interstate sales. Goods and services are divided into five different tax slabs for collection of tax - 0%, 5%, 12%, 18% and 28%. However, petroleum products, alcoholic drinks, and electricity are not taxed under GST and instead are taxed separately by the individual state governments, as per the ...
The Agreement on Free Trade in Services, Establishment, Operations and Investment (Russian: Соглашение о свободной торговле услугами, учреждении, деятельности и осуществлении инвестиций) is an international agreement on the creation a free trade regime in services and investment signed by 7 post-Soviet states ...
Within India's services export landscape, software exports retain a dominant position. However, noteworthy is the recent surge in "other business services" exports, which constituted 24 percent of the total services exports in the initial nine months (April–December) of FY23. [18] This marks a notable increase from the 19 percent reported in ...
The Indian Trade Service (ITdS) is a civil service [1] under Group A of the Central Civil Services of the executive branch of the Government of India.It was created as a specialized cadre to handle India's international trade and commerce on the basis of the recommendations of the Mathur Committee (Study Team on the Import and Export Trade Control Organization headed by Sri H.C. Mathur, Member ...