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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 eligibility for admission in 20 general and science and technology universities is verified through this test. [1] The first GST examination was held in 2021 for university admission phase in the 2020–2021 academic year. In 2024 admission phase, more than 300 thousand students applied to take the test. [2]
The PG programme in Human Resources Management and Labour Relations offered at TISS campuses is at par with the management programmes offered by top MBA colleges in India. The entrance exam is held in CBT mode and the exam paper comprises questions from English Proficiency, Mathematical Skills & Logical Reasoning, and General Awareness.*
The GST is meant to replace a slew of indirect taxes with a federated tax and is therefore expected to reshape the country's $3.5 trillion economy, but its implementation has received criticism. [6] [7] Positive outcomes of the GST includes the travel time in interstate movement, which dropped by 20%, because of disbanding of interstate check ...
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Scotland was the first to be used to test the new poll tax in 1989 with England and Wales in 1990. The change from progressive local taxation based on property values to a single-rate form of taxation regardless of ability to pay (the Community Charge , but more popularly referred to as the Poll Tax), led to widespread refusal to pay and to ...
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]