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Name of Indian Accounting Standard Ind AS 101 First time adoption of Ind AS Ind AS 102 Share Based Payment Ind AS 103 Business Combination Ind AS 104: Insurance Contracts Ind AS 105 Non-Current Assets Held for Sales and Discontinued Operations Ind AS 106 Exploration for and Evaluation of Mineral Resources Ind AS 107: Financial Instruments ...
Pre-GST, the statutory tax rate for most goods was about 26.5%; post-GST, most goods are expected to be in the 18% tax range. The tax came into effect from 1 July 2017 through the implementation of the One Hundred and First Amendment to the Constitution of India by the Government of India. 1 July is celebrated as GST Day. [4]
As of 2 June 2014, VAT has been implemented in all the states and union territories of India except Pondicherry, Andaman and Nicobar Islands and Lakshadweep Island. VAT was replaced by Goods and Services Tax, all over India from 1 July 2017.
The committee submitted its report to the government in April 2008 and released its First Discussion Paper on GST in India in 2009. [2] Since the proposal involved reform/ restructuring of not only indirect taxes levied by the Central but also the States, the responsibility of preparing a Design and Road Map for the implementation of GST was ...
The Bureau of Indian Standards (BIS) is the National Standards Body of India under Department of Consumer affairs, [2] Ministry of Consumer Affairs, Food & Public Distribution, Government of India. [3] It is established by the Bureau of Indian Standards Act, 2016 which came into effect on 12 October 2017. [2]
The name, the complete postal address, details of the place of business, the PAN number, as well as the name of the country to which the remittance has been made are required to be mentioned. The status of the entity, whether it is a company, a firm, or others, is represented by the numerals 1, 2, and 3.
Allcargo Gati Limited is an Indian logistics company headquartered in Hyderabad, Telangana. [5] [6] [7] It engages in surface and air express logistics, warehousing, supply chain, air freight, and e-commerce services. Founded in 1989, Gati first started operations between Madras (now Chennai) and Madurai. In 2020, it was acquired by Allcargo ...
As of 2023 there are 907.4 million internet users in India (64% of the population), a 35% increase since 2018. [3] 63% payments still being made in cash. E-payments have been heavily promoted in India showing consumers the various ways they can make these payments Including ATMs, the Internet, mobile phones and drop boxes.