GOODS AND SERVICES TAX: A STUDY ON ROAD MAP FOR 2017
Journal Title: International journal of research -GRANTHAALAYAH - Year 2016, Vol 4, Issue 9
Abstract
The paper covers the scope of GST and the history of the taxation system in India. The word tax is derived from the Latin word ‘taxare’ meaning, to estimate. “A tax is not a voluntary payment or donation, but an enforced contribution, exacted pursuant to legislative authority" and is any contribution imposed by government whether under the name of toll, tribute, impost, duty, custom, excise, subsidy, aid, supply, or other name.” Taxes in India are levied by the Central Government and the State Governments. Some minor taxes are also levied by the local authorities such as Municipality or Local Council. The paper consists of the demerits of existing taxation system, challenges and opportunities of the GST and the latest amendments with the road map for 2017. With the help of this paper we get the overview of the current amendments and the future efforts to be made in the implementation of GST.
Authors and Affiliations
Keywords
Related Articles
- EP ID EP209880
- DOI 10.5281/zenodo.157355
- Views 83
- Downloads 0
SOCIO-ECONOMIC STATUS OF SCHEDULED TRIBES IN KALRAYAN HILLS
Social and economic justice, equality of status and opportunities and cultural and educational status are insured by the Constitution of India for all citizens and also provide enriched provisions for scheduled caste and...
THE ROLE OF LEADERSHIP IN STRATEGIC MANAGEMENT
Leadership has significant impact on strategic management process. Especially it helps to determine the vision and mission of the organization. Further, it facilitates the organization to execute effective strategies to...
SOYBEAN (GLYCINE MAX L. MERILL) GENETIC IMPROVEMENT IN ETHIOPIA: A REVIEW
Soybean is an economically important leguminous crop. Genetic improvements of the crop have focused mainly on enhancement of seed and oil yield, development of varieties suited to different cropping systems and locations...
A CLINICAL STUDY TO EVALUATE THE EFFICACY OF KASHMARYADI OIL (TRADITIONAL FORMULA) IN THE MANAGEMENT OF KHALITYA
Hair loss is a dermatological disorder that has been recognized for more than 2000 years. It is common throughout the world and has been estimated to affect nearly 2% of the world's population. Apart from metabolic and h...
DEMOGRAPHIC CHARACTERISTICS AND INTERNAL MEDICINE AS A CAREER CHOICE OF FINAL YEAR MEDICAL STUDENTS
Introduction: Medical education requires a long duration of education and training. Medical stream is a diverse field; an assortment of clinical specialties of number of areas; clinical, psychological, surgical, field wo...