ICE Rajkot most imp MCQ Paper 4 Pdf || ICE Rajkot 100 MCQ Paper 4 Pdf

ICE Rajkot most imp MCQ Paper 4 Pdf || ICE Rajkot 100 MCQ Paper 4 Pdf

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ICE Rajkot Weekly Current Affairs

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Institute for Competitive Exam(ICE) established on 18-07-2010 is situated in Rajkot City of Saurashtra Region of Gujarat State. This Institute Provides Master Training to the Students of Gujarat of related Competitive Courses (Gujarat Govt. & Central Govt.) such as

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Gujarati Grammar Book | Gujarati Notes | Free PDF Download

Gujarati Grammar Book | Gujarati Notes | Free PDF Download

Gujarati Grammar Book | Gujarati Notes | Free PDF Download

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Daily Current Affairs with MCQ QUIZ, Daily news report important news about Gujarat and various states. Gujarat samachar Sandesh news paper Divya Bhaskar news report akila news report and other all news report published daily.

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Chhand Olkho 1 minit ma

GST Council cuts rates on TVs, movie tickets; cement, ACs left untouched : News Date 22-12-2018

NEW DELHI: Finance Minister Arun Jaitley on Saturday said that six items have been removed from the 28 per cent tax bracket under the Goods and Services Tax (GST) regime.

The Goods and Services Tax (GST) Council on Saturday slashed rates on 23 items such as televisions and movie tickets while keeping tax rate on cement and auto parts unchanged. Additionally, the Council proposed to cut GST rates on six of the items from 28 percent to 18 percent. Retreated Tyres, video games and sporting equipment, movie tickets, billiards and snookers and lithium battery power banks will attract 18 percent GST

Wheelchair accessories too have been proposed to be brought under 5 percent bracket from 28 percent.

Recommendations of the GST Council’s fitment committee on rate rationalisation and balancing revenue flows were considered during the meeting, FM Arun Jaitley said.

Cement rate was left unchanged at 28 percent during the 31st meeting of the GST Council as it has huge revenue implications. Cutting rates on cement and auto parts would cost the exchequer a Rs 13,000 crore and Rs 20,000 crore loss, respectively, Jaitley said.

There were 34 items in the 28 per cent tax bracket which included luxury and 'sin goods' till now. However, the GST Council in its meeting on Saturday decided to take out 6 items from this list. Today's GST rate reduction will have an overall impact on revenue of Rs 5500 crore, said Jaitley. 

New return filing system will be started on trial basis from April 1, to be implemented mandatorily by July 1. Due date for GST Annual Return and Audit Report extended till 30th June 2019. 

Finance Minister, Arun Jaitley said that the recommendations by the fitment panel have been considered in today's meet. 

GST rate on special flights for pilgrims lowered for economy at 5 percent and business class at 12 percent. 

* Air conditioners, dishwashers largely used by upper segment of society, left at 28%. 

* GST for cinema tickets less than Rs 100 reduced from 18% to 12%, for tickets above than Rs 100, GST reduced from 28% to 18%. 

* The council rationalised the 28 per cent slab by bringing down the tax rate on seven items in the highest tax bracket, thereby leaving only 28 items .. 

IIM courses and Bank charges(savings bank, Jan Dhan Yojana ) has been exempted. 

* New return filing system will be started on trial basis from April 1, to be implemented mandatorily by July 1. Due date for GST Annual Return and Audit Report extended till 30th June 2019. 

There were around 226 goods in the 28 per cent category when Goods and Services Tax (GST) was implemented on July 1, 2017.

Cement rate reduction has not been taken up as it has huge revenue implication ..

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Current affairs 09 December To 15 December (week 50) by ice magic Rajkot

Current affairs 09 December To 15 December (week 50) by ice magic Rajkot

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A mutual fund company is an investment company that receives money from investors for the sole purpose to invest in stocks, bonds, and other securities for the benefit of the investors. A mutual is the portfolio of stocks, bonds, or other securities that generate profits for the investor, or shareholder of the mutual fund. A mutual fund allows an investor with less money to diversify his holdings for greater safety and to benefit from the expertise of professional fund managers. Mutual funds are generally safer, but less profitable, than stocks, and riskier, but more profitable than bonds or bank accounts, although its profit-risk profile can vary widely, depending on the fund's investment objective.Most mutual funds are open-end funds, which sells new shares continuously or buys them back from the shareholder (redeems them), dealing directly with the investor (no-load funds) or through broker-dealers, who receive the sales load of a buy or sell order. The purchase price is the net asset value (NAV) at the end of the trading day, which is the total assets of the fund minus its liabilities divided by the number of shares outstanding for that day 

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A mutual fund company is an investment company that receives money from investors for the sole purpose to invest in stocks, bonds, and other securities for the benefit of the investors. A mutual is the portfolio of stocks, bonds, or other securities that generate profits for the investor, or shareholder of the mutual fund. A mutual fund allows an investor with less money to diversify his holdings for greater safety and to benefit from the expertise of professional fund managers. Mutual funds are generally safer, but less profitable, than stocks, and riskier, but more profitable than bonds or bank accounts, although its profit-risk profile can vary widely, depending on the fund's investment objectiveMost mutual funds are open-end funds, which sells new shares continuously or buys them back from the shareholder (redeems them), dealing directly with the investor (no-load funds) or through broker-dealers, who receive the sales load of a buy or sell order. The purchase price is the net asset value (NAV) at the end of the trading day, which is the total assets of the fund minus its liabilities divided by the number of shares outstanding for that day

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