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What is GST? How does it work?

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...
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RBI to buy up to Rs 100 billion of bonds via OMOs on January 22 - The Economic Times

MUMBAI: The RBI said it would buy up to Rs 100 billion ($1.62 billion) of bonds via open market operations on January 22. The Reserve Bank of India said it would buy 8.07 per cent 2017 bonds, 7.28 per cent 2019 bonds, 7.16 per cent 2023 bonds and 8.28 per cent 2027 bonds. Thanking you Regards, Rajesh Kumar Kathpalia ¤ SMC Global 17,Netaji Subhash Marg,Daryaganj, New Delhi-110002 Mobile No 9891645052 Email Id: rajesh.ipo@smcindiaonline.com -- You received this message because you are subscribed to the Google Groups "Product Updates for AMC" group. To unsubscribe from this group and stop receiving emails from it, send an email to Productupdatesforamc+unsubscribe@googlegroups.com . For more options, visit https://groups.google.com/groups/opt_out .
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INOX WIND surges by 5%; BSE CAPITAL GOODS Index Up 0.4%

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Posted by Equitymaster          INOX WIND share price has Zoomed 5% and is presently trading at Rs 92. Meanwhile, the BSE CAPITAL GOODS Index is at 17,874 (Up 0.4%). Among the top Gainers in the BSE CAPITAL GOODS Index today is INOX WIND (up 5.14%). V GUARD IND. (down 0.02%) and THERMAX LTD (down 0.10%) are among the top losers today . Over the last one year, INOX WIND has moved down from Rs 144 to Rs 92, registering a loss of Rs 52 (down 36.29%) On the other hand, the BSE CAPITAL GOODS has moved up from 17,593 to 17,874, registering a gain of 281 points (up 1.42%) during the last 12 months. The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were GRAPHITE INDIA (up 427.19%), LAKSHMI MACHINE (up 55.41%) and WELSPUN CORP (up 25.14%). What About the Benchmark Indices? The BSE Sensex is at 35,647 (up 0.58%). The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 3.22%), M&M (up 2.47%) and HDFC (...
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