Question
Under GST 2.0, what proportion of rural household
expenditure will face a nil or 5% rate?Solution
According to the FICCI–TARI analysis, over 75% of rural household expenditure will face either nil GST or a 5% GST rate under GST 2.0. This is a significant improvement from the current 56% coverage under these slabs.
An audit which is authorized, governed and made compulsory under law is known as:
Ajay draws a bill on Vinay for ₹ 60,000. Vinay accepts it. Ajay endorses it to Chintu in settlement of ₹ 70,000 at 2% discount and the balance in ca...
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Under the provisions of the SARFAESI Act, 2002, specialized entities called ARCs are regulated by RBI. What does the term ARC stand for?
In insurance accounting, what is "unearned premium"?
A decreasing inventory turnover ratio typically indicates that a firm is:
What is the appropriate method for calculating the cost of inventory when there are significant fluctuations in purchase prices?
If an ad-hoc credit limit sanctioned by a bank is not reviewed and the account shows no activity, when does it become an NPA?
An insurance investment plan offers a maturity value of ₹5,00,000 after 5 years. If the opportunity cost of capital is 9% compounded annually, calcula...
What is the limit of UPI transaction for insurance?
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