GOODS AND SERVICE TAX
Journal Title: International Journal of Management, IT and Engineering - Year 2017, Vol 7, Issue 9
Abstract
GST is not a new phenomenon. France was the first country to implement GST in 1954 and then many countries followed and implemented this unified taxation system. In the year 2000, the GST bill was flagged in India when the then Prime Minister Atal Bihari Vajpayee brought forward the issue with indirect taxes. India follows a taxation system which is divided into two: Direct taxes and Indirect taxes. Direct taxes are the taxes where the liability cannot be passed on to someone else (Income tax). On the other hand, indirect taxes are those in which the liability can be passed to someone else (so a shopkeeper can pass on the liability of paying VAT to its customers). Thus indirect taxes are borne by the consumers as the burden of taxes shifts from one customer to another and ultimately it is borne by the final consumer who consumes the good and services.
Authors and Affiliations
ILA Yadav
A Survey on Data Security & Computer Networks
This research deals with data security in distributed and client/server computer systems, placing special emphasis on access security. The paper presents the subject of data security & computer Networks in these system...
Selection of Mixed Sampling Plan With QSS- 1(n,mn;c0) Plan as Attribute Plan Indexed Through MAPD and AQL
This paper presents the procedure for the construction and selection of the mixed sampling plan using MAPD as a quality standard with the QSS-1 (n,mn;c0) plan as attribute plan. The plans indexed through MAPD and AQL a...
slugDetermination of Lot Size in the Construction of Six sigma based Link Sampling Plans
The term ‘Six Sigma’ originated from the terminology associated with the statistical modeling of manufacturing processes. A six-sigma process is one in which 99.99999% of the products manufactured are statistically exp...
slugA COMPARATIVE STUDY OF DIFFERENT FAULT DIAGNOSTIC METHODS OF POWER TRANSFORMER USING DISSOVED GAS ANALYSIS
Dissolved Gas Analysis is an important analysis for fault diagnosis and condition monitoring of power transformer. The various technique such as conventional methods, Artificial Intelligence, Artificial Neural network,...
slugSHORTEST PATH ALGORITHMS: A COMPARATIVE ANALYSIS
Now a days routing is the vital problem while forwarding information from one node to another node in communication networks. Routing in today’s network is accomplished by shortest path routing algorithm. There are dif...