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Goods and Services Tax (India) The Goods and Services Tax (GST) is a successor to VAT used in India on the supply of goods and service. Both VAT and GST have the same taxation slabs. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes.
An Act further to amend the Constitution of India. Officially known as The Constitution (One Hundred and First Amendment) Act, 2016, this amendment introduced a national Goods and Services Tax (GST) in India from 1 July 2017. [ 1] It was introduced as the One Hundred and Twenty Second Amendment Bill of the Constitution of India ,
Bombay State was enlarged by the addition of Saurashtra State and Kutch State, the Marathi-speaking districts of Nagpur division of Madhya Pradesh and the Marathwada region of Hyderabad State. Rajasthan and Punjab gained territories from Ajmer State and Patiala and East Punjab States Union respectively and certain territories of Bihar were ...
Goods and Services Tax (India) Revenue Statistics. From 1 May 2018 onwards Ministry of Finance of Government of India started releasing monthly GST revenue collection data via official press release through Press Information Bureau. And to further improve transparency Government of India started issuing state-wise monthly collection data from 1 ...
Punjab, Punjab (India) = PB Rajasthan = RJ Sikkim = SK Tamil Nadu, Tamizh Nadu = TN Telangana = TG Tripura = TR Uttarakhand = UK Uttar Pradesh = UP West Bengal = WB Union territories Andaman and Nicobar Islands = AN Chandigarh = CH Dadra and Nagar Haveli, Dadra & Nagar Haveli = DN Daman and Diu = DD Delhi, National Capital Territory of Delhi = DL
v. t. e. In India states earn revenue through own taxes, central taxes, non-taxes and central grants. [ 1] For most states, own taxes form the largest part of the total state revenue. [ 1] Taxes as per the state list includes land revenue, taxes on agricultural income, electricity duty, luxury tax, entertainment tax and stamp duty. [ 2]
v. t. e. The Concurrent List or List-III (Seventh Schedule) [ 1] is a list of 52 items (though the last subject is numbered 47) given in the Seventh Schedule to the Constitution of India. It includes the power to be considered by both the union and state government. The legislative section is divided into three lists: Union List, State List and ...
The State List or List-II is a list of 61 items. Initially there were 66 items in the list in Schedule Seven to the Constitution of India . The legislative section is divided into three lists: the Union List , the State List and the Concurrent List .