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In India, the Goods and Services Tax (GST) is based on the dual model GST adopted in Canada. The dual model GST involves two components: the Central Goods and Services Tax (CGST) and the State Goods and Services Tax (SGST). Under this system, both the central government and state governments have the authority to levy and collect GST on the supply of goods and services within their respective jurisdictions. This structure ensures that the tax revenue is shared between the central and state governments and helps maintain fiscal autonomy for each state while streamlining the taxation process across the country. The implementation of the dual model GST in India took place on July 1, 2017, replacing the previous complex and fragmented tax system with a unified and simplified tax regime.
Which indicator is commonly used to measure a country's economic growth?
The main determinant of real wage is:
Which of the following options is incorrect about “Pradhan Mantri Rojgar Protsahan Yojana”?
Which of the following statement is/are incorrect about “Gross Domestic Product”?
I. Gross Domestic Product (GDP) is that i...
What is Demand Pull Inflation?
According to the Trade Union Act 1926, Who needs to sign the notice of dissolution if a Trade Union decides to dissolve?
Which sector of the Indian economy contributes the highest to its GDP?
Market imperfections of a country are reflected in___________.
Under the provisions of the Industrial Disputes Act 1947, the employer of any industry declares lay-off, is required to provide alternate employment to ...
Which among the following regions in India is/are biodiversity hotspots? 1. Eastern Ghats 2. Eastern Himalayas 3. Nicobar Islands Select the correct ans...