Goods and Services Tax (GST) is a successor to VAT used in India on the supply of goods and services. GST is a digitalized form of VAT where you can also track goods & services. Goods and services are divided into five different tax slabs for the collection of tax: 0%, 5%, 12%, 18% and 28%. However, petroleum products, alcoholic drinks, and electricity are not taxed under GST and instead are taxed separately by the individual state governments, as per the previous tax system.
Open market operations, one of the monetary measures taken by RBI is:
What the NOT Correct about Foreign Exchange Reserves of India?
i. US dollar has highest share in the Forex reserves.
ii. The reserves are ...
In sep 2021, with whom Export-Import Bank of India (Exim Bank) has entered into an agreement for Line of Credit (LoC) of USD 40 million (USD FortyMillio...
The Limit for Foreign Portfolio Investments under Voluntary Retention Route (VRR) is set to be enhanced to how much from 01.04.2022 by RBI:
In Bonds, coupon refers to
Which denomination notes will be introduced as plastic currency in India?
Which co-oeprative bank has been recently included in the second schedule of RBI Act?
Which of the following is not a regulator of financial sector
In which of the following year RBI introduced Account Aggregator Framework
Following are the functions of the Reserve Bank of India (RBI) except?