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
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
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 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
Proportional Taxation: A Fair and Equitable System? Proportional taxation, also known as a flat tax, is a system where everyone pays the same percentage of their income in taxes, regardless of their income level. This stands in contrast to progressive taxation, where higher earners pay a larger percentage of their income in taxes, and regressive … 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
The Value Added Method: A Comprehensive Guide to Measuring Economic Output The Value Added Method (VAM) is a fundamental tool in economics, used to calculate the Gross Domestic Product (GDP) of a country or region. It provides a comprehensive picture of the economic activity within a specific geographic area by measuring the value created at … Read more