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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]
Taxation in Pakistan is a complex system of more than 70 unique taxes administered by at least 37 agencies of the Government of Pakistan. [1] According to the FBR, in 2021, the number of registered tax filers had grown to 7.1 million out of which only 2.5 million were active tax filers. [ 2 ]
A unique 13-digit number is assigned at birth when the parents complete the child's birth registration form (Form RG-2, commonly known as B-Form or Child Registration Certificate (CRC)), and then a National Identity Card (NIC) with the same number is issued at the age of 18. Until 2001, NIC numbers were 11 digits long.
In India, a Tax Deduction and Collection Account Number (TAN) is a 10 digit alpha-numeric number issued by the Income Tax Department to the persons who are required to deduct or collect tax on payments made by them under the Indian Income Tax Act, 1961.
The Pakistan Accountant [37] [38] MIES; Technical e-Newsletter; The Pakistan Accountant is the professional flagship publication of the Institute. It is intended to serve as a forum for disseminating information on auditing and accounting practices, business and finance, and topics of current national and international interest.
The Utility Stores Corporation of Pakistan (USCP) is a Pakistani state-owned enterprise that operates chain stores throughout the country that provide basic commodities to the general public at prices which are lower than the open market because the government subsidizes them. [1] It is the largest chain-store entity in the country with 5,939 ...
The computerised national identity card (CNIC) (Urdu: قومی شناختی کارڈ, romanized: qaumī śanāxtī kārḍ) is an identity card with a 13-digit number available to all adult citizens of Pakistan and their diaspora counterparts, obtained voluntarily.
Pakistan is a village located in Purnia district, Bihar, India. It is named after the country of Pakistan in memory of its Muslim residents who migrated to erstwhile East Pakistan (present-day Bangladesh ) after the Partition of India in August 1947. [ 1 ]