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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]
In 1996, three of the four Atlantic provinces—New Brunswick, Newfoundland and Labrador, and Nova Scotia—entered into an agreement with the Government of Canada to implement what was initially termed the "blended sales tax" (renamed to "harmonized sales tax") which would combine the 7% federal GST with the provincial sales taxes of those provinces; as part of this project, the PST portion ...
An economic impact analysis is commonly conducted when there is public concern about the potential impacts of a proposed project or policy. [1] [2] An economic impact analysis typically measures or estimates the change in economic activity between two scenarios, one assuming the economic event occurs, and one assuming it does not occur (which ...
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.
The goal of this project is to provide a forum for discussion of economics articles and topics, and through discussion, provide guidelines for articles related to the field of economics. The vision of this project is to improve every economics article substantially so that every article reaches the level of quality of a Featured Article.
The Great Reset Initiative is an economic recovery plan drawn up by the World Economic Forum (WEF) in response to the COVID-19 pandemic. [1] The project was launched in June 2020, and a video featuring the then-Prince of Wales Charles was released to mark its launch. [2]
Erik Lindahl was a Swedish economist and professor of economics at Uppsala University, as well as an advisor to the Swedish government and central bank. Lindahl approached the financing of public goods through the lens of individual benefits, ensuring that the total marginal utility equated to the marginal cost of their provision, thereby ...
According to Nomura India Business Resumption Index economic activity fell from 82.9 on 22 March to 44.7 on 26 April. By 13 September 2020 economic activity was nearly back to pre-lockdown. [1] Unemployment rose from 6.7% on 15 March to 26% on 19 April and then back down to pre-lockdown levels by mid-June.