Notes and Study material for Exams
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
Chhattisgarh is the 17th most populated state in the country. A resource-rich state, it is a source of electricity and steel for the country, accounting for 15% of total steel produced. Chhattisgarh is one of the fastest-developing states in India. Industrial Sector Power sector Chhattisgarh is one of the few states of India where the power sector is … Read more
Commercialization of agriculture Commercialization of agriculture means production of agricultural crops for sale in the market, rather than for family consumption. For marketization of agricultural products thus ‘surplus’ of production over consumption is required. But agriculture at that time was merely of the subsistence type. It had not been a consequence of conscious response … Read more
Post Harvest Technology And Value Addition in Food Processing While increased productivity is an essential component of a vibrant agricultural sector, improved post-harvest handling and processing is essential to ensure high-quality products reach the markets. Too often, even when the yields are high, producers lose income due to poor post-harvest practices. Effective post-harvest … Read more
Post harvest technology and value addition in Food Processing While increased productivity is an essential component of a vibrant agricultural sector, improved post-harvest handling and processing is essential to ensure high-quality products reach the markets. Too often, even when the yields are high, producers lose income due to poor post-harvest practices. Effective post-harvest … Read more
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
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
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
The following are subtopics of Proportional TaxationTaxation: Definition of proportional Taxation History of proportional taxation Examples of proportional taxation Arguments for and against proportional taxation Effects of proportional taxation Alternatives to proportional taxation Proportional taxation is a system of taxation in which individuals are taxed at a constant rate, regardless of their income. This means … Read more
The Value Added Method is a way of calculating the value of a product or service by adding up the costs of all the inputs used to create it, plus the profit margin. The subtopics of the Value Added Method are: Cost of goods sold (COGS) is the direct costs attributable to the production of … Read more