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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.
Which country recently discovered the world's deepest blue hole, Taam Ja' Blue Hole (TJBH)?
Which Indian classical dance form originated in the temples of Tamil Nadu and is characterized by its intricate footwork, hand gestures, facial expressi...
What new benchmark has the RBI proposed to replace MIBOR for the interest rate derivatives market?
Who made history as the first woman to serve as the Director General of Medical Services (Army)?
Which ministry recently launched the 'Safai Apnao, Bimaari Bhagao (SABB)' initiative under Swachh Bharat Mission-Urban 2.0?
SIMBEX Exercise is being organized between the Navy of India and which country?
Which organization recently launched the first set of satellites equipped with “Direct-to-Cell” technology?
Which organization recently introduced the ‘New World Soil Health Index’ to standardize soil quality assessment globally?
Which of the following is NOT a feature of the newly launched UPISetu platform?
What is the earliest allowed period for premature redemption of Sovereign Gold Bonds?