Irena – InfoComm

Goods and Services Tax (GST): Definition, Types, and How It’s Calculated.

October 25, 2022 by Irena

What is the Goods and Services Tax (GST)? The Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. The GST is calculated as a percentage of the sale price of the good or service. What is GST with example? The Goods and Services Tax (GST) … Read more

Understanding Reserve Bank of India (RBI) and How It Works.

October 25, 2022 by Irena

The Reserve Bank of India (RBI) is the central bank of India. It was established on April 1, 1935 in accordance with the Reserve Bank of India Act, 1934. The RBI is responsible for the monetary policy of the Indian rupee. The RBI plays an important role in the development of the Indian economy. It … Read more