Impact of GST on Indian Economy
Journal Title: International Journal of Engineering and Management Research - Year 2018, Vol 8, Issue 2
Abstract
GST Stands for Goods and Services Tax (GST). The GST Act was passed in the Lok Sabha on 29th March, 2017 and came into effect from 1st July, 2017. It was termed as One Nation One Tax. The major impact of introducing GST in India is the transformation in the fiscal structure of the Indian federal setup. The fiscal right of the states and centre to deal with goods and services independently will be taken away and both the Governments have to depend on each other’s for managing the so called goods and services tax in future. This is a very hard blow to the freedom of participating governments in the federal system. The perceived benefits are – GST would eliminate to a large extent, the multiplicity of administrative mechanisms and tax rates across different states. It removes many of the cascading effects of indirect taxation. Its positive impact on retail as a whole will make supply chain more cost effective. It is expected to address most of the complex issues in taxation like software, intangibles, composite contracts etc. and brings more clarity in the levy.
An Analysis of Startup Ecosystem in Metropolitan City in India
Entrepreneurial ecosystems are now a days receiving keen attention from the research scholars and corporate practitioners. In this paper studies have focused on the factor affecting an entrepreneurial ecosystem in the me...
Remote Access through Android Devices
Growth in use of Android has led security of Android phone to be an important factor also various daily requirements of the user aren’t satisfied by the preinstalled applications in Android. our application provides a us...
Production and Purification of Amylase from Bacillus subtilis Isolated from Soil
In spite of progress in biotechnology and enzymology, the enzymes have been industrialized in recent years for the mounting up the product development in various arena. The ultimate goal of this study comprises the produ...
Transformation of Women Status through Self- Help Groups in Pudukkottai Block
The rural area peoples are mostly suffered of human life style because it is based on the reason of economic. The present study focused area of psychological, social and economic empowerment of women in Pudukkottai block...
Fabrication and Electrical Discharge Machining of Al-SiC-Mg Composite with Mechanical Characterisation
Composites are the materials obtained by combinations of different materials, with greater and better properties that are not present in the individual parent material. Due to its outstanding properties like light weight...