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In India, the Goods and Services Tax (GST) is based on the dual model GST adopted in Canada. The dual model GST involves two components: the Central Goods and Services Tax (CGST) and the State Goods and Services Tax (SGST). Under this system, both the central government and state governments have the authority to levy and collect GST on the supply of goods and services within their respective jurisdictions. This structure ensures that the tax revenue is shared between the central and state governments and helps maintain fiscal autonomy for each state while streamlining the taxation process across the country. The implementation of the dual model GST in India took place on July 1, 2017, replacing the previous complex and fragmented tax system with a unified and simplified tax regime.
Supply of goods packed and transported with insurance. This is a..........
Under the Companies Act, 2013, the paid-up capital for a small company is:
Which of the following is an example of an intangible asset?
What is the journal entry for purchasing Machinery from M/S Darjeeling?
Focus of financial management is to address three major financial decision areas.
Which of the following in not the major financial decision area?
Read the following information to answer the below questions:
A company's shares with a face value of Rs. 10 each are quoted at Rs. 60 in the stock market. Current rate of dividend is 6% and this is expected to gro...
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A shipping company is required by law to bring all ships into dry dock every five years for inspection and overhaul. What is the correct treatment for t...
Section 24 (a) prescribes the standard deduction from NAV of a sum equal to?