Consider the following statements about Goods and Services Tax (GST) is/are correct?
GST Council is the governing body of GST having 33 members, out of which 2 members are of centre and 31 members are from 28 states and 3 Union territories with legislation.
The Kelkar committee recommended the rolling out of GST.
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.
Calculate Disposable income:
Consumption (C) = 300
Investment (I) = 50
Government purchases (G) = 70
Government transfer pay...
Opportunity cost version of comparative cost advantage doctrine was introduced by
Ability to pay principle is related with?
The credit manager at a Departmental store collects data on 100 of her customers. Of the 60 men, 40 have credit cards (C). Of the 40 women, 30...
When we say that the estimator is BLUE. What does best signify here?
Which of the following statements is NOT correct in the context of quantity theory of money?
Market failure is the inability of
Which of the following is correct?
If factor cost is greater than Market price, then it means that:
Amber, Blue and Green boxes is related to which sector as per WTO terminology ?
