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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 use of demonetised banknotes was allowed for the payment of municipal and local civic body taxes, leading to a jump in their revenue collections. For example, the Greater Hyderabad Municipal Corporation reported collecting about ₹1.6 billion in cash payments of outstanding and advance taxes within the first four days of demonetisation. [91]
The newly elected McGowan government in WA had been relying upon a GST payment of 38 cents to the dollar to help return the state budget to surplus by 2019–20 financial year. Although 34 cents in the dollar was an improvement on the 2016–17 rate of approximately 30 cents in the dollar, the reduction left the state with $241 million less ...
In 2022, India became the world's third-largest vehicle market after China and the United States, surpassing Japan. [332] At the end of 2011, the Indian IT industry employed 2.8 million professionals, generated revenues close to US$100 billion equalling 7.5% of Indian GDP, and contributed 26% of India's merchandise exports.
Modi also mentioned about Digidhan Fought Corruption and requested citizens to promote BHIM, which is a Mobile App developed by National Payments Corporation of India (NPCI)." 30 2017 26 March [67] [68] Topics covered cleanliness, sports and health. The PM urged people to shift to digital payments. 31 2017 30 April [69] [68]
On 30 January 2022, India announced that it administered about 1.7 billion doses of vaccines and more than 720 million people were fully vaccinated. [281] According to a 2022 study published in The Lancet Infectious Diseases journal, over 4.2 million lives were saved in India in 2021 due to vaccination against COVID-19. [282]
The taxes raised would be in the form of the GST, which is expected to rise from 7% to 9% by 2025. Lee's government said that it was necessary to plan ahead for increasing annual recurrent expenses, with Heng Swee Keat saying that the "hike cannot be put off or scrapped" to pay for critical future needs, especially in the healthcare sector.