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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.
Who is first ISRO woman to have completed 403 days in Antarctica?
Propane and butane are the main components of which of the following gases?
DRDO At which place was the successful launch of Supersonic Missile Assisted Torpedo System developed by DRDO in December 2021?
Which of the following company has become the 12th company to attain the Maharatna status?
Harrod Domar growth model is known for highlighting the role of savings and investments. Which Five-Year Plan in India was based on this model?
Which of the following sites do “Not” have nuclear power plant?
With which neighbouring country did India sign the Farakka Treaty in 1996 for sharing of the Ganga Waters and on augmenting its flows?
Which of the following is/are not a/the renewable source(s) of energy?
(i) Coal
(ii) Bio-mass
(iii) Sunlight
...Until when is the overarching scheme "PRITHvi VIgyan (PRITHVI)" of the Ministry of Earth Sciences approved for implementation?
Which of the following is a straight-chain alkyl carboxylic acid with the chemical formula CH₃CH₂CH₂CO₂H?
