Get Started with ixamBee
Start learning 50% faster. Sign in now
Goods and Services Tax (GST) is an indirect tax (or consumption tax) levied 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. The finance ministry released the provisional data on GST for May 2022. The collection of goods and services tax (GST) was Rs 1.41 trillion (₹1,40,885 crore) in May. It was 16 per cent (Rs 26,655 crore) lower than the record collection of Rs 1.68 trillion in April. However, the latest figure is 44 per cent higher than Rs 97,821 crore a year ago. Also, the mop-up in May is still the fourth-highest since the inception of GST in July 2017.
A sum of money doubles itself in 8 years at simple interest. In how many years will it become four times itself at the same rate of interest?
Suresh earned an interest of Rs. 774 on principal amount of Rs. 2400 at some rate of compound interest in 2 years. How much more/less interest would he ...
When 19.62% of Pawan's monthly salary, which is the total of 15721.33 and 19678.9, is equally distributed among four different SIPs, what is the approxi...
Simple interest and compound interest (compounded annually) earned on a certain sum at the end of 2 years are Rs. 3600 and Rs. 37...
An investor has ₹20,000 to invest in two options: Investment X, offering a 12% annual return, and Investment Y, offering an 8% annual return. If the t...
A sum of money is invested at a simple interest rate of 'R%' per annum. Over 2 years, it grows to ₹7,440, and over 5 years, it increases to ₹9,600. ...
Some amount out of Rs.12000 was lent out at 10% per annum and the rest amount @ 16% per annum and thus in 5 years the total interest from both the amoun...
A sum of ₹5,000 is invested at 8% simple interest per annum for 3 years. After 3 years, the interest is reinvested at 6% compound interest for 2 years...
Anchal allocates a portion of his salary for various purposes. He invests 10% of his salary in a Provident Fund (PF) and then spends 30% of what's left ...
