Nagaland tax and economic reforms

<–2/”>a >Nagaland tax and Economic Reforms

The Commissionerate of Taxes, Nagaland was created in August 1964 with the appointment of the then Commissioner, Nagaland because the ex-officio Commissioner of Taxes. The department started functioning with a Superintendent of Taxes and an Inspector deputed from Assam Taxation Service. A fully fledged post of Commissioner of Taxes, Nagaland was created on August 20, 1976, with its Headquarter at Kohima. Later on, the Headquarter was shifted right down to Dimapur in November, 1976, for higher tax administration. Presently, the commissionerate workplace is found opposite to the workplace of the Deputy Commissioner, Dimapur. The Department functions underneath the executive management of the Finance Commissioner through the Revenue Branch of Finance Department, Kohima. The department is headed by the Commissioner of Taxes who is typically from the I.A.S. cadre. He is assisted by 2 further and 2 Deputy Commissioners of Taxes. For higher tax administration the department is split into 3 Zones of Dimapur, Kohima and Mokokchung. The Zonal offices area unit headed by Assistant Commissioners of Taxes. All the Districts Tax offices area unit manned by Superintendent of Taxes. The Department of Taxes is that the highest revenue generating department within the State. the whole revenue assortment throughout the year 2011-2012 was Rs 258.36 crores.

The Finance Department is chargeable for all matters regarding Money administration of the government, together with preparation of the States’ Annual Budget. It exercises management and supervising over the Receipts and Expenditure of the govt. and initiates numerous measures for improvement in financial management, further Resources mobilisation, economy and potency in Government expenditures etc. It conjointly formulates policies regarding levy and assortment of varied taxes like price additional Tax, oil Tax, Central nuisance tax, Professions Tax, recreation Tax etc. The Department exercises body management and supervising over the 3 Directorates of Treasuries and Accounts, Nagaland State Lotteries and Taxes.

Till attainment of Statehood, the then Naga Hills District was an administrative body underneath Assam. Among others, sales tax Law of Assam was extended to Naga Hills effective from 2-2-1948. However, it’s not obtainable on record, to determine whether or not any revenue was collected from the Naga Hills District.

(i) Year of Establishment: The Department of Taxes, Nagaland was established in August 1964, with the appointment of the Commissioner, Nagaland because the ex-officio Commissioner of Taxes vide Government Notification NO.SGN.182/63/29 (a) 14-6-63

(ii) Structure set-up at the time of inception: A full fledged Commissioner of Taxes was created on 20th August 1976, with its Headquarters at Kohima. Within the same year, the Headquarter was shifted right down to Dimapur, the business hub of the State, for higher tax administration. A post of Superintendent of Taxes was conjointly created and an official from Assam Taxation Service was brought on deputation to start out the functioning of the Department beside skeleton workers.

(iii) Activities of the department at the beginning: With the establishment of the Department, the question of adoption of the prevailing Taxation Laws of Assam as applied to the erstwhile Naga Hills District to the freshly formed State by the Nagaland Adoption of Laws Order, 1965 were examined however owing to some confusion the provisions of Taxation Laws couldn’t be enforced by adoption/modification. Meanwhile, the govt. took a call to own its own Laws that crystal rectifier to the enactment of the subsequent Taxation Laws.

The Nagaland sales tax Act, 1967.
The Nagaland Finance (Sales Tax) Act, 1967.
The Nagaland Profession, Trade, Callings and EMPLOYMENT Taxation Act, 1968.
The Nagaland (Sales of petroleum & petroleum products, together with Motor spirit and Lubricants) Taxation Act, 1967.
The Nagaland passenger and goods Taxation Act, 1967.

District Tax Offices: All the District Tax offices perform underneath the superintendence of the Zonal Assistant Commissioners of Taxes. Every District Tax office is headed by a Superintendent of Taxes. Dealers register their business and file tax returns within the District Tax workplace. Tax is directly deposited within the several Government heads of account by the tax remunerator through the District Treasury workplace. Nagaland Taxation Check Gates: The department has erected four Check Gates at the strategic entry points specifically Zubza and Tsutapela underneath Kohima and Mokokchung severally and Dillai Road and New Field Gate at Dimapur with a read to forestall evasion of tax. These Check Gates monitor the movement of merchandise – each coming into and going out of dutiable goods through the State. The Nagaland Taxation Check Gates at Dillai Road and Gologhat Road, Dimapur, perform underneath the management of the Assistant Commissioner of Taxes, Mobile Squad. The Zubza and therefore the Tsutapela Check Gates perform underneath the direct management and supervision of the Assistant Commissioners of Taxes Kohima and Mokokchung Zones respectively.

One of the strengths of Nagaland lies in her Natural Resources however presently natural resources that can not be replaced particularly the non-renewable resources are empty at can greatly. Sadly the policies relating to the extraction of natural resources area unit inadequate thereby the economic performance stay not solely poor however has opened the window towards way reaching harmful consequences. On another level, Sound of natural resources ought to be backed by policies that might enhance revenue generation. The pattern of development ought to be such; it ought to scrutinize diversifying the revenue to different sectors to reinforce development. This needs correct Investment policies particularly on revenue generation with target shifting the pattern of Economic Development towards producing and service sectors.

Industrialization of each little and massive industries is another major concern for economic development. Today, of the 2 major industries, one is within the ‘processes of revival and therefore the different is detected no additional. The revival of Tuli manufactory is an imperative necessity if Nagaland is to revive economy. Further, having a pulp centre for the paper mill in every district will certainly cause work potency, employment generation and inflated production. to the current finish of end of Industry, power and electricity is another major concern.

Goods and Services Tax (GST) is a comprehensive Indirect Tax on manufacture, sale, and consumption of goods and services throughout India. GST would replace respective taxes levied by the central and state governments.

What is GST?

It is a destination-based taxation system.
It has been established by the 101st Constitutional Amendment Act.
It is an indirect tax for the whole country on the lines of “One Nation One Tax” to make India a unified market.
It is a single tax on supply of Goods and Services in its entire product cycle or life cycle i.e. from manufacturer to the consumer.
It is calculated only in the “Value addition” at any stage of a goods or services.
The final consumer will pay only his part of the tax and not the entire supply chain which was the case earlier.
There is a provision of GST Council to decide upon any matter related to GST whose chairman in the finance minister of India.

What taxes at center and state level are incorporated into the GST?

At the State Level

State Value Added Tax/Sales Tax
Entertainment Tax (Other than the tax levied by the local bodies)
Octroi and Entry Tax
Purchase Tax
Luxury Tax
Taxes on lottery, betting, and gambling

At the Central level

Central Excise Duty
Additional Excise Duty
Service Tax
Additional Customs Duty (Countervailing Duty)
Special Additional Duty of Customs

Benefits of GST

For Central and State Governments

Simple and Easy to administer: Because multiple indirect taxes at the central and state levels are being replaced by a single tax “GST”. Moreover, backed with a robust end to end IT system, it would be easier to administer.
Better control on leakage: Because of better tax compliance, reduction of rent seeking, transparency in taxation due to IT use, an inbuilt mechanism in the design of GST that would incentivize tax compliance by traders.
Higher revenue efficiency: Since the cost of collection will decrease along with an increase in the ease of compliance, it will lead to higher tax revenue.

For the Consumer

The single and transparent tax will provide a lowering of Inflation.
Relief in overall tax burden.
Tax Democracy that is luxury items will be taxed more and basic goods will be tax-free.

For the Business Class

Ease of Doing Business will increase due to easy tax compliance.
Uniformity of tax rate and structure, therefore, better future business DECISION MAKING and investments by the corporates.
Removal of cascading effects of taxes.
Reduction in transactional cost will lead to improved competitiveness.
Gain to the manufacturer and exporters.
It is expected to raise the country GDP by 2% points.

GST Council

It is the 1st Federal Institution of India, as per the Finance minister.
It will approve all decision related to taxation in the country.
It consists of Centre, 29 states, Delhi and Puducherry.
Centre has 1/3rd voting rights and states have 2/3rd voting rights.
Decisions are taken after a majority in the council.

Supporting Laws to implement GST

For the implementation of GST, apart from the Constitution Amendment Act, some other statutes are also necessary. Recently 5 supporting laws to the GST were recommended by the council. 4 for the bills should be passed by the parliament, while the 5th one should be passed by respective state legislatures. The details are given below.

The Central Goods and Services Tax Bill 2017 (The CGST Bill).
The Integrated Goods and Services Tax Bill 2017 (The IGST Bill).
The Union Territory Goods and Services Tax Bill 2017 (The UTGST Bill).
The Goods and Services Tax (Compensation to the States) Bill 2017 (The Compensation Bill).
And a state GST will be passed by the respective state legislative assemblies.
Tax slabs are decided as 0%, 5%, 12%, 18%, 28% along with categories of exempted and zero rated goods for different Types of Goods and services.
Further, a cess would be levied on certain goods such as luxury cars, aerated drinks, pan masala and tobacco products, over and above the rate of 28% for payment of compensation to the States.
However, which goods and services fall into which bracket is still an enormous task to be completed by the GST council.
Highest tax slab is pegged at 40%.

Another massive challenge to economic development comes from road and connectivity. Roads and property area unit important to economic development, however the condition of the roads is hampering the economic and social progress of the state. Proper roads and a viable transport system could be a lifeline. It will effectively bring multiple socio-economic reforms in terms of economic transformation particularly within the rural areas through accrued social mobility, booming market, production of commodity, reduced impoverishment which is able to end in a reworked means of life. These area unit incentives to reinforce socio-economic development and a property Growth. On the full, the ‘lack’ of correct roads in Nagaland could be a real presentation of a serious ‘stumbling block’ within the emergence of Nagaland as associate economic powerhouse. The pattern of development particularly within the rural sector ought to essentially address the issues related to fast Urbanization. To the present finish, improved roads and property, a system of agriculture that encourages farming and faculty Education can go a protracted manner in solving the issues of urbanization.,

Nagaland Tax and Economic Reforms

Nagaland is a state in northeastern India. It is one of the seven states that make up the North East India region. The state has a Population of over 2 million people and a land area of over 16,000 square kilometers. The capital of Nagaland is Kohima.

Nagaland is a landlocked state and is bordered by the states of Assam, Manipur, and Arunachal Pradesh. The state is also bordered by the country of Myanmar. The Climate of Nagaland is tropical and humid. The state has a long history of tribal warfare and conflict. However, in recent years, the state has made significant progress in terms of economic development and social progress.

The economy of Nagaland is based on agriculture, Forestry, and mining. The state is also home to a number of small industries. The main exports of Nagaland are tea, coffee, and timber. The state is also a major producer of hydroelectric power.

The government of Nagaland has been working to improve the state’s economy and social conditions. The government has implemented a number of reforms, including Tax Reforms, economic reforms, and social reforms. These reforms have had a positive impact on the state’s economy and social conditions.

Nagaland Tax Reforms

The government of Nagaland has implemented a number of tax reforms in recent years. These reforms have aimed to simplify the tax system, reduce the tax burden on businesses and individuals, and improve tax compliance.

One of the key tax reforms implemented by the government of Nagaland is the introduction of a new tax code. The new tax code is simpler and more user-friendly than the previous tax code. The new tax code also includes a number of tax incentives for businesses and individuals.

Another key tax reform implemented by the government of Nagaland is the introduction of a new tax administration system. The new tax administration system is more efficient and effective than the previous tax administration system. The new tax administration system also includes a number of measures to improve tax compliance.

Nagaland Economic Reforms

The government of Nagaland has also implemented a number of economic reforms in recent years. These reforms have aimed to improve the state’s business Environment, attract investment, and create jobs.

One of the key economic reforms implemented by the government of Nagaland is the introduction of a new investment policy. The new investment policy is more investor-friendly than the previous investment policy. The new investment policy also includes a number of tax incentives for businesses.

Another key economic reform implemented by the government of Nagaland is the introduction of a new Industrial Policy. The new industrial policy is more business-friendly than the previous industrial policy. The new industrial policy also includes a number of measures to improve the state’s Infrastructure-2/”>INFRASTRUCTURE.

Nagaland Social Reforms

The government of Nagaland has also implemented a number of social reforms in recent years. These reforms have aimed to improve the state’s education system, healthcare system, and social welfare system.

One of the key social reforms implemented by the government of Nagaland is the introduction of a new education policy. The new education policy is more focused on quality education than the previous education policy. The new education policy also includes a number of measures to improve the state’s infrastructure.

Another key social reform implemented by the government of Nagaland is the introduction of a new healthcare policy. The new healthcare policy is more focused on preventive healthcare than the previous healthcare policy. The new healthcare policy also includes a number of measures to improve the state’s infrastructure.

Conclusion

The government of Nagaland has made significant progress in terms of economic development and social progress in recent years. The government has implemented a number of reforms, including tax reforms, economic reforms, and social reforms. These reforms have had a positive impact on the state’s economy and social conditions.

Here are some frequently asked questions and short answers about Nagaland:

What is Nagaland?
Nagaland is a state in northeastern India. It is bordered by Assam to the north and east, Arunachal Pradesh to the east, Manipur to the south, and Myanmar to the west. The capital of Nagaland is Kohima.
What is the Population of Nagaland?
The population of Nagaland is estimated to be 2,916,922 as of 2020. The majority of the population is Naga, with other ethnic groups including Chakhesang, Angami, Ao, Lotha, Sema, Rengma, and Kuki.
What is the language spoken in Nagaland?
The Official Language of Nagaland is English. However, there are many other languages spoken in the state, including Naga, Chakhesang, Angami, Ao, Lotha, Sema, Rengma, and Kuki.
What is the religion of Nagaland?
The majority of the population of Nagaland is Christian. Other religions practiced in the state include Hinduism-2/”>Hinduism, Islam, and Buddhism-2/”>Buddhism.
What is the economy of Nagaland?
The economy of Nagaland is based on agriculture, forestry, and mining. The state is also home to a number of small industries, including textiles, handicrafts, and Food Processing.
What are the challenges facing Nagaland?
Some of the challenges facing Nagaland include POVERTY, Unemployment, and Infrastructure Development. The state also faces a number of security challenges, including insurgency and drug trafficking.
What are the opportunities for Nagaland?
Nagaland has a number of opportunities, including its rich natural resources, its young population, and its strategic location. The state is also home to a number of talented people who are working to improve the lives of the people of Nagaland.
What is the future of Nagaland?
The future of Nagaland is bright. The state has a number of strengths that it can build on, including its rich natural resources, its young population, and its strategic location. With the right policies and investments, Nagaland can become a prosperous and developed state.

Which of the following is not a type of tax?
(A) Income tax
(B) Sales tax
(C) Property tax
(D) Nagaland tax
Which of the following is not a goal of economic reform?
(A) To increase economic growth
(B) To reduce poverty
(C) To improve the standard of living
(D) To increase Nagaland tax revenue
Which of the following is not a benefit of economic reform?
(A) Increased economic growth
(B) Reduced poverty
(C) Improved standard of living
(D) Increased Nagaland tax revenue
Which of the following is not a challenge of economic reform?
(A) Increased inequality
(B) Job losses
(C) Environmental damage
(D) Increased Nagaland tax revenue
Which of the following is not a policy that has been used to promote economic reform?
(A) Privatization
(B) Deregulation
(C) Trade Liberalization-2/”>Liberalization
(D) Increased Nagaland tax revenue
Which of the following is not a result of economic reform?
(A) Increased economic growth
(B) Reduced poverty
(C) Improved standard of living
(D) Increased Nagaland tax revenue
Which of the following is not a criticism of economic reform?
(A) It has led to increased inequality
(B) It has led to job losses
(C) It has led to environmental damage
(D) It has led to increased Nagaland tax revenue
Which of the following is not a reason why economic reform is important?
(A) To improve the standard of living
(B) To reduce poverty
(C) To increase economic growth
(D) To increase Nagaland tax revenue
Which of the following is not a way to measure the success of economic reform?
(A) Economic growth
(B) Poverty rate
(C) Standard of living
(D) Nagaland tax revenue
Which of the following is not a factor that can affect the success of economic reform?
(A) The level of Corruption
(B) The quality of institutions
(C) The level of education
(D) The level of Nagaland tax revenue