Question
What is the year-on-year (YOY) growth rate for the Goods
and Services Tax (GST) for June 2024?Solution
The GST collection for June 2024 grew by 7.7% compared to June 2023, reaching â‚ą1.74 lakh crore. The slower growth is attributed to a deceleration in economic activity and lower imports, despite strong domestic consumption and compliance efforts by the tax authorities.
A company with higher current assets than current liabilities is said to have:
Ricky Ponting, an Australian Cricket Player visits India for 90 days in every financial year. This has been his practice for the past 11 financial years...
With respect to Marginal Costing, which of the following statement is incorrect?
Under IRAC norms, an ad hoc limit sanctioned to a borrower is treated as NPA if not reviewed or renewed within how many days?
ABC Ltd. incurs direct material cost â‚ą8,00,000, direct labour â‚ą5,00,000, and factory overheads 60% of direct labour. Administration overheads are ďż˝...
Which of the following is a direct tax?
If a firm has 100 in inventories, a current ratio equal to 1.2, and a quick ratio equal to 1.1, what is the firm's Net Working Capital? Â
The DuPont Analysis uses the following ratios except:
Which of the following documents are commonly relied upon by lenders to validate a business’s operational and financial information during due diligen...
Which of the following is an example of “tangible assets”?
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