In India, the GST is based on the dual model GST adopted in:
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.
ABC Bank Ltd has extended a Rs.10 crore loan at 5% over the repo rate. The loan is to be repaid in equal quarterly instalments. The bank’s funding of ...
What are the basic parameters required for stabilizing ALM of bank?
I. Net Interest Margin
...
Which of the following statements is true about the Atal Pension Yojana (APY)?
With reference to United Nations Development Programme (UNDP) report on HDI, consider the following statements:
1. There has been a decl...
The risk that loss may arise on account of trading in SLR and other securities by a bank is classified as ______
Given that the money discount rate is 19% and Inflation is 12%, what will be the real rate of interest?
Packing credit limits are granted _________
Which of the following statements correctly represents capital?
Under marginal costing, which of the following costs will NOT be attributed to the product cost?
Which of the following is an example of a peril covered by most homeowner's insurance policies?