Notes and Study material for Exams
POST INDEPENDENT ERA The era after India’s independence from colonial rule starts with its partition into two halves – India and Pakistan. Lord Mountbatten became the first Governor General of free India and M.A. Jinnah that of Pakistan. The transition was violent, with blood curling massacres all over the country, ample proof to the historic … Read more
What is GST? Goods and Services Tax — GST — is a comprehensive tax levy on manufacture, sale and consumption of goods and services at a national level. Read moreGoods and Services Tax — GST
Direct & Indirect Taxes Direct Tax Indirect Tax Corporation Tax Excise Duties Income tax Service Tax Interest Tax Central Value Added Tax (Vat) Expenditure Tax Sales Tax Wealth tax Property Tax Gift Tax … Read more
Tax Reforms in India Sience 1990 ie the Chief Justice of India The Supreme Court of India is the highest court in India. It has: (a) One Chief Justice and 25 other judges (b) One Chief Justice and 30 other judges (c) One Chief Justice and 35 other judges (d) One Chief Justice and 40 … Read more
What is GST? Goods and Services Tax — GST — is a comprehensive tax levy on manufacture, sale and consumption of goods and services at a national level. Through a tax credit mechanism, this tax is collected on value-added goods and services at each stage of sale or purchase in the supply chain. The system … Read more
POST INDEPENDENT ERA The era after India’s independence from colonial rule starts with its partition into two halves – India and Pakistan. Lord Mountbatten became the first Governor General of free India and M.A. Jinnah that of Pakistan. The transition was violent, with blood curling massacres all over the country, ample proof to the historic … Read more
The Complexities of Levy and Collection of Goods and Services Tax in Inter-State Trade or Commerce (Article 269-A) The Goods and Services Tax (GST) regime in India, introduced in 2017, aimed to create a unified national market by eliminating cascading taxes and streamlining the tax structure. However, the intricate nature of inter-state trade and commerce, … Read more
An ecosystem is defined as the structural and functional unit of Biosphere consisting of community of living beings and the physical Environment, both interacting and exchanging materials between them. Ecosystems vary greatly in size and Elements, but each is a functioning unit of nature. There are two components of ecosystems i.e. biotic and abiotic. Ecosytems … Read more
The Goods and Services Tax (GST): A Comprehensive Guide The Goods and Services Tax (GST) is a comprehensive, multi-stage tax levied on the value addition at each stage of the production and supply chain. It is a destination-based tax, meaning the tax is levied on the final consumption of goods and services. GST has revolutionized … Read more
An ecosystem is defined as the structural and functional unit of Biosphere consisting of community of living beings and the physical Environment, both interacting and exchanging materials between them. Ecosystems vary greatly in size and Elements, but each is a functioning unit of nature. There are two components of ecosystems i.e. biotic and abiotic. Ecosytems … Read more