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GST-registered businesses with annual turnover of more than Rs 5 crore will soon have to generate electronic invoices for B2B transactions. The GST Council, comprising finance ministers of the Centre and states, had decided to implement it in a phased manner and with e-invoices being generated, for every B2B (Business-to-Business) transaction, invoice matching by tax authorities would not be required under Goods and Services Tax (GST). Currently, businesses with turnover of over Rs 20 crore will have to generate e-invoices for B2B transactions. GST, or Goods and Services Tax, is an indirect tax imposed on the supply of goods and services. It is a multi-stage, destination-oriented tax imposed on every value addition, replacing multiple indirect taxes, including VAT, excise duty, service taxes, etc.
Which of the following pairs is INCORRECT considering the constitutional provisions of the Comptroller and Auditor General of India?
When the value of d=2, in case of Durbin-Watson Test, what should be done with the null hypothesis?
Suppose that a firm has the cost function for a plant as given below
C(w, r, q) = 0.5q(w+r)
where q is output, w is the cost of labour l a...
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(1) Wages and salaries in cash
...
Which of the following pairs of goods is/are likely to have a positive cross price elasticity of demand?
(1) Cars and Petrol
(2) Tea ...
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An analyst has data on wages for 100 individuals. The arithmetic mean of the log of wages is the same as:
Which of the following is NOT a correct statement in the context of National income?