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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]
In April, 2008, the EC submitted a report, titled "A Model and Road map for Goods and Services Tax (GST) in India" containing broad recommendations about the structure and design of GST. In response to the report, the Department of Revenue made some suggestions to be incorporated in the design and structure of proposed GST bill.
The HST was increased two points to 10% with an overall tax of 15% on July 1, 2016. [7] Northwest Territories: GST: 0: 5 Nova Scotia: HST: 10: 15 [8] Rates were meant to be reduced to 14 and 13% on July 1, 2014 and July 1, 2015 respectively. However, the government has stated that the province cannot afford reductions. [9] Nunavut: GST: 0: 5 ...
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]
GST Computer Systems, a group of British software developers; General Staff (Sweden), a former agency of the Government of Sweden; German Steel Trust, a German steel company; Gerolsteiner (cycling team) Gesellschaft für Sport und Technik, a former East German mass organization providing mandatory pre-military training
Nil: A Land Beyond Belief, a 2005 graphic novel; Nil in the Indian numbering system; Nil, Iran; Nil ideal, a mathematical concept in ring theory; Null pointer (sometimes written NULL, nil, or None), used in computer programming for an uninitialized, undefined, empty, or meaningless value; Nil River (Guatemala) Nil Nehri The Nile River (in Turkish)
The GST family consists of three superfamilies: the cytosolic, mitochondrial, and microsomal—also known as MAPEG—proteins. [1] [2] [3] Members of the GST superfamily are extremely diverse in amino acid sequence, and a large fraction of the sequences deposited in public databases are of unknown function. [4]
Many sports that originated in the UK use the word "nil" for 0. Thus, a 3-0 score in a football match would be read as "three-nil". Nil is derived from the Latin word "nihil", meaning "nothing", and often occurs in formal contexts outside of sport, including technical jargon (e.g. "nil by mouth") and voting results. [27] [28] [29]