Question
Which country was the first to implement Goods and
Services Tax (GST)?Solution
The tax came into effect from 1 July 2017 through the implementation of theĀ One Hundred and First Amendment of the Constitution of IndiaĀ by theĀ Indian government. The GST replaced existing multiple taxes levied by theĀ centralĀ andĀ stateĀ governments . Goods and services are divided into five different tax slabs for collection of tax: 0%, 5%, 12%, 18% and 28%.
Who heads the Empowered Committees on MSMEs formed at the Regional Offices of the Reserve Bank of India?
Under the revised RBI instructions on hedging foreign exchange risk, users are allowed to hedge using exchange-traded foreign exchange derivatives. How...
As per the RBIās guidelines for scale based regulation of NBFCs , a NBFC - MFI is required to have _____ net owned funds by March 31, 2027.
Under Section 115BA of the Income Tax Act, which of the following conditions must be met for MSMEs to benefit from a reduced tax rate of 25%?
Which European financial regulatory body revoked CCILās recognition?
Which pension fund scheme is open to all citizens of India and provides a defined contribution to the account?
Which institution oversees asset reconstruction companies (ARCs) in India?
What does "Infrastructure lending" include as a part of the project finance package as per RBI guidelines for NBFCs?
Consider the following statements regarding Ramsar Site:
1)It is a wetland of international importance under Ramsar Convention, 1971 established ...
According to the Union Budget 2025ā26, which of the following is not listed as one of the six key pillars of the government's "Viksit Bharat" vision?
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