WebAn Integrated GST (IGST) would be levied an inter-state supply (including stock transfers) of goods or services. GST is being levied at four rates viz. 5%, 12%, 16% and 28%. The … Web439 Likes, 14 Comments - Drishti IAS English (@drishtiiasenglish) on Instagram: "#DrishtiIASExclusive now comes with a #Quiz for #Prelims2024 Today's Quiz is based on the Exclusi ...
GST Compensation Cess Extended: Latest update Drishti IAS …
The Goods and Services Tax (GST) is a value-added taxlevied on most goods and services sold for domestic consumption. The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services. See more For the Government 1. Create a unified common market:Will help to create a unified common national market for India. It will also give a … See more Thus GST is a positive step towards shifting Indian economy from the informal to formal economy. It is important to utilise experiences from global economies that have implemented … See more WebMultiple Rates: Initially GST was levied at four rates viz. 5%, 12%, 16% and 28%.The schedule or list of items that would fall under these multiple slabs are worked out by the GST council. Destination-based Taxation: GST is … genoa wi weather
Issue of petrol and diesel pricing in India, economy notes for IAS …
WebJun 30, 2024 · The GST Council is a joint forum of the Centre and the states. It was set up by the President as per Article 279A (1) of the amended Constitution. Members: The … WebMay 29, 2024 · GST Council. As per Article 279A of the amended Constitution, the GST Council is a joint forum of the Centre and the States. Members. Union Finance Minister; The Union Minister of State, in-charge of Revenue, Min. of Finance; The Minister In-charge of Finance or Taxation or any other Minister nominated by each State Government WebSep 21, 2024 · The Goods & Services Tax (GST) Council held a meeting on 20 th September 2024 to decide on tax moderation, keeping in mind the revenue position and the need to boost sagging economic growth. The … genoa with kids