Notes and Study material for Exams
VAT is a multi-stage tax levied at each stage of the value addition chain, with a provision to allow input tax credit (ITC) on tax paid at an earlier stage, which can be appropriated against the VAT liability on subsequent sale. VAT is intended to tax every stage of sale where some value is added … Read more
The Shifting Sands of British Rule: A Look at Different Policies in India The British East India Company’s arrival in India in the 17th century marked the beginning of a long and complex chapter in Indian history. Over the next two centuries, the Company’s influence grew, culminating in the establishment of British rule in 1857. … 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
India has a well developed Taxation structure. The tax system in India is mainly a three tier system which is based between the Central, State Governments and the Local Government organizations. In most cases, these local bodies include the local councils and the municipalities. According to the Constitution of India, the government has the right … Read more
Foreign Direct Investment: A Catalyst for Global Growth and Development Foreign direct investment (FDI) plays a pivotal role in the global economy, acting as a catalyst for economic growth, technological advancement, and job creation. It involves long-term investments made by companies from one country (the source country) into enterprises in another country (the host country). … 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
India has a well developed Taxation structure. The tax system in India is mainly a three tier system which is based between the Central, State Governments and the Local Government organizations. In most cases, these local bodies include the local councils and the municipalities. According to the Constitution of India, the government has the right … Read more