WebJul 18, 2024 · The effect of VAT and GST on FMCG is investigated from these two companies. Data for 2015-2016 and 2024-2024 are taken for study. Comparison between HUL and ITC are done for selected variables. WebDec 26, 2024 · The GST regime will see a host of tax rate and procedural changes coming into effect from January 1, including liability on e-commerce operators to pay tax on services provided through them by way of passenger transport or restaurant services. Also, the correction in inverted duty structure in footwear and textile sectors would come into …
Understanding TDS on Dividend Income & How to avoid it with …
WebJul 18, 2024 · The effect of VAT and GST on FMCG is investigated from these two companies. Data for 2015-2016 and 2024-2024 are taken for study. Comparison … WebJul 18, 2024 · 6. GST on solar water heater and system has been increased from 5 per cent to 12 per cent. March Sees Second Highest GST Collection Of ₹ 1.60 Lakh Crore. 7. … bambule webdesign
A study of the impact of GST on Indian economy and businesses
Pre-GST, the statutory tax rate for most goods was about 26.5%; post-GST, most goods are expected to be in the 18% tax range. The tax came into effect from 1 July 2024 through the implementation of the One Hundred and First Amendment of the Constitution of India by the Indian government. See more 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 the goods & services. Both VAT and GST have the … See more Revenue earned from GST (intra state transaction - seller and buyer both are located in same state) is shared equally on 50-50 basis between See more 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 state and 3 Union territories with Legislature. … See more Goods and Services Tax (India) Revenue Statistics Revenue collections Statistical Details of GST Revenue Collected Returns Statistical Details of GST Returns filed See more Formation The reform of India's indirect tax regime was started in 1986 by Vishwanath Pratap Singh, … See more Taxes subsumed The single GST subsumed several taxes and levies, which included central excise duty, services tax, additional customs duty, surcharges, … See more The GSTN software is developed by Infosys Technologies and the Information Technology network that provides the computing resources is maintained by the NIC. "Goods and Services Tax Network" (GSTN) is a nonprofit organization formed for creating a … See more WebJan 28, 2007 · Provincial revenue at this time came primarily from licences and permits; as well as the sales of commodities and services. In addition, the provinces received … WebJan 1, 2008 · Dec. 13, 1990: After months of tense debate, the GST legislation is passed in the Senate. Jan. 1, 1991: The 7 per cent GST goes into effect. Dec. 16, 1996: Prime … bambu lidar