Freshly produced milk is exempted from GST. But packaged milk with brand name falls under 5% GST. Also read: MCQs on GST Learn about more... View Article
No, the food delivery service is not free from GST. Also read: MCQs on GST Learn about more commerce questions and answers from different... View Article
Services that are GST free are food grains, jaggery, fish and meat (not processed and packaged), curd, hearing aids, raw silk, khadi fabric,... View Article
The full form of IFF in GST is Invoice Furnishing Facility. Also read: MCQs on GST Learn about more commerce questions and answers from... View Article
CGST (Central Goods and Services Tax) is levied by the Center on the intrastate supply of goods and services while IGST (Integrated Goods and... View Article
The GST system was proposed by the Atal Bihari Bajpayee government and was implemented by Prime Minister Narendra Modi in 2017. Also read:... View Article
The GST council is headed by the finance minister. The current head of the GST council is Nirmala Sitharaman. Also read: MCQs on GST Learn... View Article
France was the first country in the world which implemented the GST model. Now GST is followed in more than 140 countries. Also read: MCQs on... View Article
The dual GST model refers to the GST being levied by both Central and State governments. Also read: MCQs on GST Learn about more commerce... View Article
The Indian GST model is based on the Canadian dual GST model. Also read: MCQs on GST Learn about more commerce questions and answers from... View Article
The four types of GST are: CGST - Central Goods and Services Tax SGST - State Goods and Services Tax IGST- Integrated Goods and Services Tax... View Article
India follows an accounting standard that is based on IFRS, it is known as Ind AS and is in use since the accounting period of 2016-17. The... View Article
It is mandatory for companies to follow accounting standards as it ensures uniformity in the accounting process and also makes statements... View Article
IFRS is issued by the International Accounting Standards Board (IASB). It is used as an accounting standard in more than 144 countries around the... View Article
