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Goods and Services Tax (India) The Goods and Services Tax (GST) is a successor to VAT used in India on the supply of goods and service. Both VAT and GST have the same taxation slabs. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes.
The tax came into effect from 1 July 2017 through the implementation of the One Hundred and First Amendment of the Constitution of India by the Indian government. The GST replaced existing multiple taxes levied by the central and state governments. It an indirect tax (or consumption tax) used on the supply of goods and services. It is a ...
The Maha Vikas Aghadi or Maharashtra Vikas Aghadi (English: Maharashtra Development Front) or (Marathi: महाविकास आघाडी), abbreviated as MVA, is a state-level political coalition consists of 10 Political Parties Reformed after the 2019 Maharashtra Legislative Assembly election under the leadership of Uddhav Thackeray of SHS (UBT), then Shiv Sena, Sharad Pawar of the ...
Expenses. ₹4.95 lakh crore (US$62 billion) (2022–23 est.) [15] The economy of the state of Maharashtra is the largest in India. [16] Mumbai, the capital of Maharashtra and often described as the New York of India or Manhattan of India, [1] is the financial capital and the most populous city of India with an estimated city proper population ...
The Government of Maharashtra is the state governing authority for the state of Maharashtra, India. It is a democratically elected government with 288 MLAs elected to the Vidhan Sabha for a five-year term. Maharashtra has a Maharashtra Legislature which consists of two Houses, the Vidhan Sabha (Legislative Assembly) and the Vidhan Parishad ...
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The system of Value Added Tax (VAT) has been implemented, in the State of Maharashtra, w.e.f. 1 April 2005. Every dealer, who becomes liable to pay tax under the provisions of MVAT, shall apply electronically for registration, within 30 days from the date of such liability. VAT is implemented by Department of Sales Tax.
The Indian Revenue Service (Customs & Central Excise) ( IAST: Bhāratīya Rājasva Sevā ), often abbreviated to IRS (Customs&CentralExcise) or IRS (Customs&IndirectTaxes), now called IRS (Customs&GST) is a part of central civil service of the Government of India. It functions under the Department of Revenue of the Ministry of Finance and is ...