Question
Which amendment paved the way for the introduction of
GST?Solution
The 101st Amendment Act of 2016 paved the way for the introduction of a new tax regime (i.e. goods and services tax – GST) in the country. The smooth and efficient administration of this tax requires cooperation and coordination between the centre and the states.
Balance of trade is the _______________.
What does 'VAT' stand for in the context of taxation?
Which entity regulates mutual funds in India?
Geological Survey of India (GSI) has approved the setting up of a geopark in ____________, the country’s first.
What function do commercial banks in India perform?
Consider the following statements about government securities and derivatives:
(I) Government Securities are risk-free gilt-edged instruments....
What economic system is characterized by a free-market economy?
Up to what limit, FDI in insurance sector is allowed by the Government of India ?
Who is the author of the book ‘Revolutionaries’?
What does the “C” stand for in LCR?