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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.
Value Added Tax (VAT) is an indirect tax levied on the value creation or addition. The concept of VAT in Nepal was introduced in FY 2049/50 but the act was developed in BS 2050. VAT was implemented in 1998 and is the major source of government revenue. It is administered by the Inland Revenue Department of Nepal.
Value-added tax (VAT) was introduced into the Indian taxation system from 1 April 2005. The existing general sales tax laws were replaced with the Value Added Tax Act (2005) and associated VAT rules. A few states (Gujarat, Tamil Nadu, Rajasthan, Madhya Pradesh, Chhattisgarh, Jharkhand, Uttarakhand and Uttar Pradesh) opted to stay out of VAT ...
Karnataka is the only southern state to have land borders with all of the other four southern Indian sister states. The state covers an area of 191,791 km 2 (74,051 sq mi), or 5.83 per cent of the total geographical area of India. [20] It is the sixth-largest Indian state by area. [20]
Rashtriya e-Market Services (ReMS) is established as a joint venture of Government of Karnataka (India) and NCDEX spot exchange limited with equal shareholding. It was conceived to blend public interest with the initiative of a private enterprise for establishing, operating, managing a specialized electronic trading platform called Unified Market Platform (UMP) for auctioning of farmer's produce.
Government of Karnataka. The Government of Karnataka, abbreviated as GoK or GOKA, formerly known as Government of Mysore (1956–1974), is a democratically elected state body with the governor as the ceremonial head to govern the Southwest Indian state of Karnataka. The governor who is appointed for five years appoints the chief minister and on ...
Karnataka Sakala Services Act. The Karnataka Sakala Services Act was passed in 2011 to provide guarantee of services to citizens in the Indian state of Karnataka with a stipulated time limiting to citizen related services. The act came to be known as the Sakala act since November 2012. Karnataka is the tenth state to incorporate an act under ...
Website. www.incometaxbengaluru.org. The Income Tax Department Karnataka & Goa is the revenue enforcement and collection agency for the state of Karnataka and Goa, India. It has its headquarters in Bangalore, the state capital. The Direct Taxes Regional Training Institute was built in Bangalore at Jalahalli.