In India, the tax system is unique and different compared to other countries. If you are running your business in India, I'm sure you have come across this term known as'GST Cess.' So, what is a 'GST Cess?' Let me start by explaining the word 'cess.' According to the dictionary,...
Central GST (CGST)is levied by the central government on transactions occurring within a single state. In contrast,State GST (SGST)is imposed by state governments on the same intra-state transactions. Typically, the rates of CGST and SGST are equal, making the total GST rate a combination of...
Revenue from all taxes collected by Government is kept at Consolidated Funds of India(CFI) that can be used for any purpose, unlike cess which is credited to CFI but is used only for the purpose for which it was raised. For example, the proceeds are kept as Central Road Fund (CRF) as...
Under the Income Tax Act of 1961, interest income is taxed at a flat rate of 30%, plus applicable cess and surcharge. This means that if your account earns, say, INR 100 in interest, approximately INR 30 (plus any additional cess/surcharge) is deducted as tax, leaving you with roughly ...
LTCG is the equity investments that are redeemed after 12 months. They are tax-free up to Rs. 1 lakh in a financial year, beyond which they attract taxation of 10% (plus 4% cess) without any indexation benefit. However, please note there are also tax-saving equity funds su...
A Quote, also known as a quotation, is a document that informs a potential customer of the cost of products or services provided by your business. The Qu
So the portion that will be taxed in this example is = 96,000 – 43,200 = 52,800 Tax As Gross Taxable Salary 6,07,200 falls in the highest tax bracket. This tax amount includes education cess too. Assumption: Employee does not make any tax saving investment. Tax based on Assement ...
根据文章第1段尼科尔说的话提到“T he tsuna mi in the India Ocean happened on December 26. 2004. When I heard about the event. I wa s waiting at the airport.(印度洋海啸发生在200 4年12月26日。当我听到这个消息时,我正在机 场等候。)”可知,海啸发生时,尼科尔在机场等 候。结合选项,A项在...
Health Research Policy and Systems (2024) 22:52 https://doi.org/10.1186/s12961-024-01143-5 Health Research Policy and Systems REVIEW Open Access What is context in knowledge translation? Results of a systematic scoping review Tugce Schmitt1* , Katarzyna Czabanowska1 and...
Exports are deemed ‘zero-rated supply’ under GST. Therefore, exporters can claim a refund of the Integrated Items and Services Tax (IGST) and cess paid on the exported items. This repayment mechanism is intended to guarantee that the Indian tax system does not serve as a barrier to exports...