The GST (Compensation to States) Bill was passed in 2017 to ensure states are compensated for any revenue losses due to the introduction of GST. Key Points: 1. GST was implemented on July 1, 2017. 2. It subsumed indirect taxes like VAT, excise, and service tax. 3. Compensation is provided for five years from 2017. 4. Ensures smooth transition to a unified tax regime. 5. It is a landmark reform in indirect taxation in India. Bee Facts: • 2007 (a): Proposed during UPA government discussions. • 2014 (b): BJP began the legislative process for GST. • 2017 (c): GST Act enacted. • 2002 (d): Not related to GST reforms.
Which of the following date word environment day is celebrated?
If the area and sum of parallel side of a trapezium are 48 cm² and 48cm respectively. Then the distance between the parallel sides is
Sunit is going towards north, after going 8 km he turns left and goes 6 km. What is the distance of Sunit from initial point.
Consider the following statements :
1. The Puranas were written in simple Sanskrit verse, and were meant to be heard by everybody, incl...
Consider the following statements :
1. The Arctic Circle is connected with the Pacific Ocean by a narrow stretch of shallow water kno...
Which of the following standing committee of parliament has no member from Rajya Sabha?
The Pallavas and Chalukyas were the most important ruling dynasties in south India during post-Gupta period. The kingdom of the Chalukyas was centred ar...
The Constitution of India begins will the words.
A cone is formed by rotating an equilateral triangle about its altitude. Fill in the blank.
Equilateral triangle : Cone = Square: ____
What was Myanmar earlier known as?
