Question
Consider the following statements regarding the GST to
be levied on corporate guarantee for subsidiaries and molasses- I.The GST Council has notified that guarantees provided by corporates to their subsidiaries will attract a 14 per cent GST. II.No tax will be levied if a personal guarantee is given by a director to the company. III. The council has also cut the GST rate on molasses to 9 percent from 28 percent. Which of the following statements is/are correct?Solution
The GST Council has notified that guarantees provided by corporates to their subsidiaries will attract an 18 per cent GST, while no tax will be levied if a personal guarantee is given by a director to the company.The council has also cut the GST rate on molasses to 5 per cent from 28 per cent. The reduction in GST on molasses will benefit sugarcane farmers and enable their dues to be cleared faster because more money will be left in the hands of the mills.
What causes the red color of Red Soil?
Which is the largest flower in the world?
Which of the following pairs is INCORRECTLY matched?
I) Umling La Pass – Connects Leh and Pangong Lake
II) Chang La Pass – Connects La...
Which country hosted the multinational peacekeeping exercise 'Khaan Quest' in 2024?
In which year, Private Sector Mutual Funds in India were permitted?
Which ISRO center developed the Global Navigation Satellite System-Reflectometry (GNSS-R) instrument?
In which state is Jamtara district located?
Regarding Inter Tropical Convergence Zone (ITCZ), consider the following statements:
1. By July, the ITCZ shifts northwards roughly parallel t...
North Korea and South Korea are divided along the line of:
Who discovered the sea route from Europe to India?