According to Kelkar committee report, the trends in the current year, 2012-13, suggests a likely fiscal deficit of around 6.1 percent which is far higher than the budget estimate of 5.1 percent of GDP, if immediate mid-year corrective actions are not taken. Runaway fiscal deficits, leading ...
The application of the India GST will result in a tax of 18 percent* on both import and export service charges including local charges relating to terminal handling and inland haulage charges. This tax will replace the existing India Service tax charged at 15 percent. *Adjustment % is based...
Goods and Service Tax for India Indirect taxes on goods and services at the state level constitute 85 percent of own tax revenue of the state governments of which sales tax alone accounts... RK Rao - 《Macroeconomics Working Papers》 被引量: 22发表: 2008年 Does Goods and Services Tax ( ...
In a federal structure, India's determination to much-needed fiscal reforms has been widely applauded at its face value when she relinquished her previ
SGST: 11 percent Select Exact to process the payment. Validate the receipt. Validate the sales invoice in Headquarters: Go to Retail and Commerce > Retail and Commerce IT > Data distribution. Run job P-0001 (Channel transactions). Close the page. Post the statement: Go to Retail and Commerc...
then a 100 percent penalty is levied on the tax amount. A defaulter may claim relief from a penalty by paying the tax due, with interest as and when the GST authority issues a show cause notice or demand order. The penalty must be paid only in cash. An ITC cannot be used to pay ...
The National Restaurant Association of India (NRAI) is preparing to take legal action against Zomato and Swiggy over their standalone quick food delivery apps Bistro and Snacc. These apps introduced to cater to the growing demand for ultra-fast deliveries have raised serious conce...
countries. The developing countries are responsible for managing more than 98 percent of world trade. HSN standardize the classification of merchandise under section, chapters, headings which results in six code for each commodity. Every two digits in the code represents the chapter, heading and ...
When posting the general journal entry by using Account type as project and Offset account type as a vendor with the load on inventory and a reverse charge of 100 percent, the system doesn't allow the entry and the following error displays, “The transactions on voucher INMF-00545 do not...
The apprehension of the central has risen by viewing its corrosion over the financial discrepancy that has soared up to 6.2 percent of GDP in 2008-2009. Mr.Mukherjee expressed his views by adding that the huge levels of financial incongruity are absolutely non-sustainable from the medium to the...