Indirect Tax Reform and It’s Sectorial Impact

Periodic Research (P: ISSN No. 2231-0045 RNI No. UPBIL/2012/55438 VOL. -6, ISSUE-1, August - 2017 E: ISSN No. 2349-9435)

Abstract



 Deepak Kumar

 Assistant Professor, Deptt.of Business Administration, L.N.Mishra College of Business Management, Muzaffarpur



Bhanu Pratap

 Assistant Professor, Deptt.of Business Administration, L.N.Mishra College of Business Management, Muzaffarpur



Ajay Kumar

 Assistant Professor, Deptt.of Business Administration, L.N.Mishra College of Business Management, Muzaffarpur

We are on the threshold of metamorphosis from multiple indirect tax regime to one nation one tax system. This paper focuses on the historical development of indirect tax system like VAT, Custom, Duty, Excise Duty, Service tax etc. into a unified indirect tax system termed as GST having the component as CGST, SGST, IGST and UTGST. The paper focuses on the benefit of GST and its unique inbuilt ability to tap every member in the tax net in the entire value chain ranging from supplier to customer. This is going to eliminate tax evasion. The ultimate beneficiary will be consumer (who have to pay lower prices)and the government who will collect the tax revenue. This paper exclusively discusses the impact of GST on consumer products (FMCG, Durables), Telecom companies and equipment manufacturer, Transportation sector (Airline travel, Bus transportation), Demerit or luxury goods ,Agricultural Commodities, Essential Commodities, Gold etc. The compliance procedure and system is quite easy for tax payers. The complexity of the present tax system is going to be simplified by adopting GST. This paper highlights and explains the important jargons of GST like Input tax credit (ITC) and Goods and Service Tax Network (GSTN). The paper lucidly explains the advantage of ITC. The anticipated obstacle we may be facing during the implementation of GST is mentioned in terms of challenges.

for full paper please visit below link :

http://www.socialresearchfoundation.com/upoadreserchpapers/2/174/1710141110501st%20deepak%20kumar%20final.pdf


Comments

Post a Comment

Popular posts from this blog

Management of Cytotoxic Drugs And Related Wastes Disposal

  Anthology : The Research   ISSN: 2456–4397   RNI No.UPBIL/2016/68067   Vol-6* Issue-9*December-2021   Paper Submission: 01/12/2021, Date of Acceptance: 10/12/2021, Date of Publication: 11/12/2021 t Mridula Verma  Associate Professor,  Dept. of Chemistry  M.M.H College,  Ghaziabad, U.P., India                                                                           Abstract Cytotoxic drugs are intended primarily for the treatment of cancer. They are known to be highly toxic to cells, mainly through their action on cell reproduction. Many have proved to be carcinogens, mutagens or teratogens. Patients receiving therapeutic doses of these drugs have exhibited many adverse effects, including cancers. All people who came in contact with cytotoxic drug...
Read more

Utilization of Information Sources By Farmers

Image
Periodic Research   ( P: ISSN No. 2231-0045 RNI No. UPBIL/2012/55438 VOL.-7, ISSUE-4, May-2019 E: ISSN No. 2349-9435 )  Abstract   Anita Bhawaria  M.Sc. Student, Dept. of Home Science, University of Rajasthan, Jaipur, Rajasthan, India Kesar Chayal  Assistant Professor, Dept. of Home Science, University of Rajasthan, Jaipur, Rajasthan, India The present study was an attempt to investigate the preference of information sources by agriculture farmers. Study was conducted in Jaipur district of Rajasthan. 75 respondents were selected through random sampling method for the study and personal interview technique was used for data collection. Data related to information source used by the farmers revealed that mobile phone was the most preferred source by the farmers (70.66%). Farming helping apps (56%), television (53.33%), internet (52%) and local leader /neighbors (41.33%) always used by the farmers for accessing agriculture information. Study further revealed th...
Read more

गृह प्रबन्ध में बचत की आव‛यकता और महत्व The Need and Importance of Saving In Home Management

Image
  Anthology : The Research   ISSN: 2456–4397 RNI No.UPBIL/2016/68067 Vol-6* Issue-2* May- 2021 Paper Submission: 03/05/2021, Date of Acceptance: 14/05/2021, Date of Publication: 25/05/2021    प ूजा पल्लवी असिस्ट ेंट प्रोफेसर, गृह विज्ञान विभाग, गया प्रसाद स्मारक राजकीय महिला स्नातकोŸार महाविद्यालय, अम्बारी, आजमगढ़, उŸार प्रदे‛ा, भारत                                                      Abstract   व्यक्ति का जीवन उतार-चढ़ाव भरा अनि‛िचत होता ह ै। परिवार की वर्तमान व्यवस्था के साथ-साथ व्यक्ति का े उसक े भविष्य की चिंता होती ह ै, जिसके लिए वह आय का कुछ हिस्सा बचत के रूप में सुरक्षित रखता ह ै। यह बचत परिवार के भविष्य को सुरक्षा प्रदान करती ह ै। आकस्मिकताओं, भावी जरूरतों के लिए बचत ही परिवार का सहारा होती ह ै।...
Read more