THE VIRGINIA DYNASTY 1801 1825
JAMES MADISON AFTER THE WAR OF 1812 THE ERA OF GOOD FEELINGS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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roads, bridges, canals
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capital house
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War with France
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the push into Canadian lands
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Detailed explanation-1: -The primary GST slabs for any regular taxpayers are presently pegged at 0% (nil-rated), 5%, 12%, 18% & 28%. There are a few lesser-used GST rates such as 3% and 0.25%. Also, the composition taxable persons must pay GST at lower or nominal rates such as 1.5% or 5% or 6% on their turnover.
Detailed explanation-2: -CBIC vide Notification No. 03/2022-Central Tax (Rate) dated 13th July 2022 has notified that GTA will have an option to charge GST 5% without ITC or 12% GST with ITC under forwarding charge mechanism w.e.f. 18th, July 2022. Earlier forward charge mechanism was applicable in case of GST 12% with ITC.
Detailed explanation-3: -The government has raised the goods and services tax on completed items such as clothes, textiles, and footwear from 5% to 12%, beginning January 2022. The GST rate on textiles has been raised to 12% from 5% beginning in January 2022. In addition, the GST rate on garments of any value has been raised to 12% from 5%.
Detailed explanation-4: -In general, the GST rate on construction services is 18%.