GST is one indirect tax for the whole nation, which will make India one unified common market. GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage. The final consumer will thus bear only the GST charged by the last dealer in the supply chain, with set-off benefits at all the previous stages. Source: Government FAQ Which taxes at the Centre and State level are being subsumed into GST? At the Central level, the following taxes are being subsumed: a. Central Excise Duty b. Additional Excise Duty c. Service Tax d. Additional Customs Duty commonly known as Countervailing Duty e. Special Additional Duty of Customs At the State level, the following taxes are being subsumed: a. Subsuming of State Value Added Tax/Sales Tax b. Entertainment Tax (ot...
Mumbai: Foreign portfolio managers have pumped in almost $40 billion in Indian stocks and debt this year on expectations that economic growth will quicken and interest rates will be cut as lower oil prices cool inflation, making India the most attractive destination among emerging markets and in Asia excluding Japan.
Net foreign portfolio investments into debt and equities reached $39.38 billion, according to the latest official data available on Friday. National Securities Depository Ltd releases data with a one-day lag. The last time India saw such strong inflows was in 2010 when net investments had added up to $39.38 billion for the full year.
Foreign portfolio inflows into India are the second highest in the Asian region after Japan. China does not release exact data of foreign inflows.
"The entire environment has shifted towards improved policy environment, better decision-making, improving growth and declining inflation. The mix of growth inflation is getting better,...
Sovereign Gold Bonds Scheme Investors will have the option to buy sovereign gold bonds instead of physical gold this Dhanteras. Applications for gold bonds will be accepted from November 5 to November 20, 2015, while these bonds will be issued on November 26, 2015, the Reserve Bank of India said. Here are 10 things to know about gold bonds 1) Sovereign gold bonds will be issued by the Reserve Bank of India. They will denominated in particular amount of gold and linked to the price of the yellow metal. If the price of gold increases, the value of the bond goes up, benefiting investors. 2) Investors can buy a minimum of 2 units or 2 grams and a maximum at 500 grams per fiscal year. The Reserve Bank has fixed the public issue price at Rs 2,684 per gram for the sovereign gold bonds. This means the minimum investment comes to around Rs 5,400. 3) Investors will get a fixed rate of interest of 2.75 per cent per annum (payable every 6 months) on the initial value of investment. 4) The gold bo...
Comments
Post a Comment
You are requested to mentioned your full name with email id while commenting.