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Contents. Goods and Services Tax (India) Revenue Statistics. From 1 May 2018 onwards Ministry of Finance of Government of India started releasing monthly GST revenue collection data via official press release through Press Information Bureau. And to further improve transparency Government of India started issuing state-wise monthly collection ...
Goods and Services Tax (India) The Goods and Services Tax (GST) is a successor to VAT used in India on the supply of goods and service. Both VAT and GST have the same taxation slabs. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes.
India faces more difficulties in proliferating its income tax than a country like China, who subjects 20% of its population, because there is an emphatically low amount of formal wage earners. Even though India's income tax was instituted in 1922 by the British, their tax history explains their high degree of tax delinquency today. [27]
The Indian Revenue Service ( IAST: Bhāratīya Rājasva Sevā ), often abbreviated as IRS, is a civil service that is primarily responsible for collecting and administering direct and indirect taxes. As a central civil service under Group A [4] of the executive branch of the Government of India, it functions under the Department of Revenue [5 ...
The Indian Revenue Service (Customs & Central Excise) ( IAST: Bhāratīya Rājasva Sevā ), often abbreviated to IRS (Customs&CentralExcise) or IRS (Customs&IndirectTaxes), now called IRS (Customs&GST) is a part of central civil service of the Government of India. It functions under the Department of Revenue of the Ministry of Finance and is ...
An Act further to amend the Constitution of India. Officially known as The Constitution (One Hundred and First Amendment) Act, 2016, this amendment introduced a national Goods and Services Tax (GST) in India from 1 July 2017. [1] It was introduced as the One Hundred and Twenty Second Amendment Bill of the Constitution of India ,
The following is a list of highest-grossing films in India, with gross revenue in Indian Rupees. This is an official tracking of figures, as reliable sources that publish data are frequently pressured to increase their estimates. Box office collections have been steadily increasing in the 21st century, the main reasons attributed to the rise in ticket prices, and increase in number of theatres ...
India sent its first athlete to the Summer Olympics for the 1900 Games, but an Indian national team did not compete at the Summer Olympics until 1920. Ahead of the 1920 Games, Sir Dorabji Tata and Governor of Bombay George Lloyd helped India secure representation at the International Olympic Committee , enabling it to participate in the Games ...