GST and its implications

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

Democracy: Direct and Indirect

Democracy: Direct and Indirect Democracy in modern usage, is a System of Government in which the citizens exercise power directly or elect representatives from among themselves to form a governing body, such as a parliament. Democracy is sometimes referred to as “rule of the majority”. Democracy is a system of processing conflicts in which outcomes … Read more

Effects of Taxation,Direct and Indirect Taxes, Public Expenditure and Public Debt. Internal and External Debt.

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

concept of VAT

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

Public Revenue-Principles and types of taxation; direct, indirect, progressive and proportional

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

Direct & Indirect Taxes

    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

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

Goods and Services Tax — GST

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

Policy of Paramountcy

The Policy of Paramountcy: A Legacy of Colonial Power and its Enduring Impact The policy of paramountcy, a cornerstone of British colonial administration in India, was a complex and multifaceted approach that aimed to establish British dominance while maintaining a semblance of indigenous rule. This policy, implemented through a series of treaties and agreements with … Read more

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