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The GST is imposed at variable rates on variable items. The rate of GST is 18% for soaps and 28% on washing detergents. GST on movie tickets is based on slabs, with 18% GST for tickets that cost less than ₹100 and 28% GST on tickets costing more than ₹100 and 28% on commercial vehicle and private and 5% on readymade clothes. [33]
The GST, which is administered by Canada Revenue Agency (CRA), replaced a previous hidden 13.5% manufacturers' sales tax (MST). Introduced at an original rate of 7%, the GST rate has been lowered twice and currently sits at rate of 5%, since January 1, 2008. The GST raised 11.7% of total federal government revenue in 2017–2018. [2]
Today’s the day: The Federal Reserve is about to announce what it decided to do with interest rates at its November meeting. We already know what the Fed is likely to do: Cut interest rates by a ...
The Goods and Services Tax (GST) is an abolished value-added tax in Malaysia. GST is levied on most transactions in the production process, but is refunded with exception of Blocked Input Tax, to all parties in the chain of production other than the final consumer. The existing standard rate for GST effective from 1 April 2015 is 6%.
The stock market rally has stalled as the final Federal Reserve meeting of the year approaches.. In the past week, the Nasdaq Composite was the only of the three major indexes to post a weekly ...
Marianne Lake, who runs JPMorgan's sprawling consumer franchise, offers her thoughts on the state of bank regulation, Trump's return to the White House, and the possibility of a soft landing.
A meeting of the Fifteenth Finance Commission, attended by its chairperson, members, secretary and other staffers; c. 2017 The commission visited several states, and held meetings with senior political and non-political state government officials of different states; [ 61 ] [ 53 ] [ 55 ] [ 62 ] most states also generally submitted a memorandum ...
Live Updates: World leaders convene for Day 1 of the UN General Assembly high-level meeting. ... His country, today covered by lush forests, will transform to desert, he said, and its people will ...