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It oversees the administration of indirect taxes, including customs duties, excise duties, and the Goods and Services Tax (GST). CBIC's function also extends to prevention of smuggling, illicit financial activities, and regulation and control of narcotics through its attached/subordinate offices.
The Quarterly Return Filing and Monthly Payment (QRMP) Scheme is a simplified compliance regime under the Goods and Services Tax (GST) in India. It is available to registered taxpayers whose aggregate annual turnover (PAN based) is up to ₹ 5 Crore in the current financial year and the preceding financial year (if applicable) and have already ...
Among other things, the value of Ke and the Cost of Debt (COD) [6] enables management to arbitrate different forms of short and long term financing for various types of expenditures. Ke applies most prominently to companies that regularly generate excess capital (free cash flow, cash on hand) from ongoing operations.
[92] [93] As of August 2021, UPI forms 10% of all retail payment in India. [94] PhonePe and Google Pay both recorded 1 billion transactions in August with a market share of 45.94% and 34.45% respectively in the UPI payment ecosystem while Paytm took 11.94% share with ₹387.85 million transaction. [95]
TransUnion CIBIL aggregates business financial and payment information for the purpose of assessing loan risk and pricing credit (setting the interest rate. It has partnered with New Jersey–based Dun and Bradstreet. D&B maintains files on 150 million business worldwide. [8]
A payment card number, primary account number (PAN), or simply a card number, is the card identifier found on payment cards, such as credit cards and debit cards, as well as stored-value cards, gift cards and other similar cards. In some situations the card number is referred to as a bank card number. The card number is primarily a card ...
Furthermore, indirect taxes in the form of excise taxes are used to reduce the consumption of goods and services that create negative externalities. For instance, an excise tax imposed on a pack of cigarettes increases the price of cigarettes, which leads to decreased consumption of cigarettes, which leads to the reduction of health conditions ...
NIB, nib or NiB may refer to: Nib (pen), the writing tip of a pen; The Nib, an online comic; Nib, partially processed cocoa bean; Twizzlers Nibs, a candy; Neodymium magnet or NIB (neodymium, iron, boron) N.I.B., a song by Black Sabbath.nib, Apple Interface Builder file format; Net insurance benefit; NiB, nickel boron, an electroless nickel alloy