Question
When did the Goods and Services Tax (GST) become
operational in India?Solution
GST became operational in India on July 1, 2017. This comprehensive indirect tax system replaced multiple previous taxes including excise duty, service tax, and value-added tax (VAT). GST functions as a destination-based tax levied at every stage of the supply chain, though the ultimate tax burden falls on the end consumer. The implementation represented a significant reform in India's indirect taxation structure.
Which IFRS/Ind AS is discussed in the RBI's released Discussion Paper on Introduction of Expected Credit Loss (ECL) Framework for Provisioning by Banks?
The bank bought a 5 year G-Sec with YTM of 7.6% and plans to sell them in 2 weeks. The bond could not be sold within 2 weeks due to over sight and as a ...
As per RBI guidelines, banks are mandated to provide collateral-free loans to Micro and Small Enterprises (MSEs) up to what limit?
Treasury manager is required to work in a fast changing and competitive environment. For carrying out his activities, he has resort to certain tools and...
Which United Nations resolution proclaimed June 27 as Micro, Small and Medium-sized Enterprises Day?
Which of the following is an example of a risk transfer technique?
What is the maximum value of gold ornaments and jewellery against which loans can be sanctioned?
The duration of a 5-year zero-coupon bond is
Which of the following statements about health insurance in India is/are correct?
1) The Ayushman Bharat Yojana is a health insurance scheme f...
Which of the following statements about the primary market is/are correct?
1)The primary market is where new securities are issued and sold for t...
