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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.
The GST replaced existing multiple taxes levied by the central and state governments. It an indirect tax (or consumption tax) used on the supply of goods and services. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes.
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 ]
Direct tax in the form of an income tax was introduced by Sir James Wilson in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. [12] The organisational history of the Income-tax Department, however, starts in the year 1922, when the Income-tax Act [4], 1922 gave, for the first time, a specific nomenclature to various Income-tax authorities.
Bihar also has the largest growing mobile phone market in India. Bihar registered the maximum increase in annual telecom subscribers, marking a growth of 88.2% in fiscal 2007–2008 as compared to the 51.1% in 2006–2007. The total number of mobile phones in Bihar increased from 5,773,370 in 2006–07 to 10,869,459 in 2007–2008. [44] Jobs
The National Academy of Customs, Indirect Taxes and Narcotics (NACIN) formerly known as National Academy of Customs, Excise and Narcotics (NACEN) [3] is the apex civil service training institute of Government of India for capacity building of civil servants in the field of indirect taxation, particularly the areas of customs, GST, central excise, service tax and narcotics control administration.
The Bihar Legislative Council is Vidhan Parishad serves as the upper house and Bihar Legislative Assembly is Vidhan Sabha serves as the lower house of the bicameral legislature of the Indian state of Bihar. Lower house is elected with 5 years term, while in upper house 1/3 of the total members in the house gets elected every two years with six ...
The 2024 Indian general election was held in Bihar in all 7 phases from 19 April to 1 June to elect 40 members of the 18th Lok Sabha, with the results declared on 4 June. [ 1 ] [ 2 ] [ 3 ] Bihar, along with Uttar Pradesh and West Bengal , were the only states where the 2024 Indian general election was held in all 7 phases.