GOODS AND SERVICE TAX
Journal Title: International Journal of Management, IT and Engineering - Year 2017, Vol 7, Issue 9
Abstract
GST is not a new phenomenon. France was the first country to implement GST in 1954 and then many countries followed and implemented this unified taxation system. In the year 2000, the GST bill was flagged in India when the then Prime Minister Atal Bihari Vajpayee brought forward the issue with indirect taxes. India follows a taxation system which is divided into two: Direct taxes and Indirect taxes. Direct taxes are the taxes where the liability cannot be passed on to someone else (Income tax). On the other hand, indirect taxes are those in which the liability can be passed to someone else (so a shopkeeper can pass on the liability of paying VAT to its customers). Thus indirect taxes are borne by the consumers as the burden of taxes shifts from one customer to another and ultimately it is borne by the final consumer who consumes the good and services.
Authors and Affiliations
ILA Yadav
Keywords
Related Articles
- EP ID EP18873
- DOI -
- Views 328
- Downloads 15
WEB USAGE MINING: LEARNER CENTRIC APPROACH FOR E-BUSINESS APPLICATIONS
Emerging of web has put forward a great deal of challenges to web researchers for web based information management and retrieval, especially online business competitiveness. Users find it very difficult to extract usef...
Customer Experience Management in Banking Sector
Globalization and the advent of Internet technology has radically changed the way businesses are conducted across the globe. Earlier companies were talking about how to deliver a differentiated product offering and c...
A Novel Design of Time Varying Analysis of Channel Estimation Methods in OFDM
OFDM can be seen as either a modulation technique or a multiplexing technique. One of the main reasons to use OFDM is to increase the robustness against frequency selective fading or narrowband interference. In a singl...
A Conceptual Study on Application Of Neuro Plasticity for Leadership Development: A Leadership Perspective
Neuroplasticity is the process by which a brain remembers new tasks, functions and ideas which is not a fixed entity, a trainable managed or encouraged to greater capacity and efficiency. Neuroplasticity, known as brai...
VARIOUS FACTORS INFLUENCEING RETENTION OF EMPLOYEES IN TECHNICAL INSTITUTE
It is widely believed that technical institutes are plagued by shortages of teachers, primarily due to recent increases in enhanced student enrollments, new courses, new institutes and teacher retirements etc. This inv...