Implementation of Goods and Service Tax (GST) in India and its Control over the Tax Collection
Journal Title: JOURNAL OF COMMERCE AND TRADE - Year 2016, Vol 11, Issue 1
Abstract
Goods and Service Tax (GST) is a destination base indirect tax collected by central as well as state government to meet the public expenditure as a part of important mechanism of fiscal system of a nation. Unlike other prevailing indirect taxes Goods and Services Tax and is proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services with a input tax credit facility on output tax liability at the national and state level in an uniform modus. In this study an attempt has been made to draw the road map in connection with levy and collection of GST and its sharing between centre and state. Hence, GST is expected to unite the country economically as it will subsume various forms of taxes that are currently levied at different points subsuming the multiple types of taxes charged at different rate at present.
Authors and Affiliations
Pranesh Debnath
Keywords
Related Articles
- EP ID EP244530
- DOI -
- Views 120
- Downloads 0
NPA Management in Regional Rural Banks (A Case Study of Manipur Rural Bank)
The present study is an attempt to analyze the Non Performing Assets (NPAs) of Manipur Rural Bank (MRB). Adequate credit availability to the rural masses is also one of the main objectives of the Government of India. It...
India's Trade Intensity with ASEAN Countries
India is a growing economy and ASEAN is a fastest developing trade block. India’s trade relations with ASEAN substantially have been changed after the “Look-East” policy of India in 1991. To strengthen the economic relat...
Managing Stakeholders : A Case study on Small Scale Industries
All businesses operate within a complex system of interests and influences, those people and groups that may affect the company and, in turn, be affected by the company’s actions and decisions are its stakeholders and ma...
India’s Trade Opportunities and Economic Co-operation for India with Japan
Since 1952, Japan and India have maintained diplomatic relations and enjoyed cordial relations based on trade and economic and technical cooperation. After the WW II, the focus of Japan’s economic relations with India sw...
Indian Ethos Echoes in Management
A Hindu Perspective on Religion and Management. It could of course be argued that there are good prudential reasons for preferring the word “spirituality” to “religion”. In a recent probe of the attitudes of several hund...