scholarly journals GST: A Tax Reform for Sustainability of Indian Handicrafts

2019 ◽  
Vol 7 (1) ◽  
pp. 354-359
Author(s):  
Kritika Tekwani ◽  
Rinku Raghuvanshi
Keyword(s):  
Sustainable Development ◽  
Tax Reform ◽  
Value Added ◽  
Secondary Data ◽  
Published Data ◽  
Tax System ◽  
The Sustainable Development ◽  
Goods And Services ◽  
The Government

Purpose of the study: Taxation is one of a tool, which helps the Government for the achievement of the goal of sustainable development for every sector including handicraft. The objectives of this study are to know about Goods and Services Tax & its inferences on sustainable development of Indian handicrafts and to identify the role of GST as tax reform in the sustainable development of handicrafts sector in India. The Indian handicraft is economically important and it has more potential for exports. This sector places a major role in the Indian economy. Methodology:  The Descriptive method of research has been used to gather information about the existing conditions of GST and Handicraft sector of India. This study is based on secondary data. The data has been taken from different journals, books, magazines, websites, and published data from government institutions. This study is explanatory in nature. The collected data from different sources has been reviewed and data relevant to the handicraft sector further analyzed. The researcher concluded that how GST is helping Indian handicraft sector for sustainable development. Main Findings: GST brought transparency in the tax system and it also eliminated the multiple taxes, which ultimately increases the final prices. This study revealed that GST would make Indian handicrafts more competitive in the domestic and foreign markets. GST is fiscal tax reform which helps in the sustainable development of Indian handicrafts. This research study found that the handicraft sector of India became more organized, centralized, and regulated after the implementation of Goods and Services Tax. The implication of the study: GST implemented on July 01, 2017 with the aim of simplification of the tax system, fiscal structure, United Indian Market, and sustainable development in India. It is a comprehensive value-added tax which merged different taxes including VAT, service tax, surcharges, CST, etc. This study can be useful for future researchers, traders, and exporters to know the implication of GST in the handicraft sector. Traders and exporters can get knowledge about the GST, tax rates, and exports under LUT/ bond. This study may be benefited to the Government for further development in GST as per the findings of this study. Novelty/Originality of this study: GST is new tax reform in India, only a few studies have been done on it. As per the researcher ’ s best knowledge few studies have been carried out on GST and handicraft sector, but none of the study is carried out on this topic. This study highlights the unrevealed facts and figures about the role of GST in the sustainable development of the handicraft sector.

Automation of VAT System

2021 ◽  
pp. 224-246
Author(s):  
Biplob Kumar Nandi ◽  
Md. Humayun Kabir ◽  
Nandini Roy
Keyword(s):  
Sustainable Development ◽  
Tax Reform ◽  
Tax Compliance ◽  
Value Added ◽  
Secondary Data ◽  
Compliance Cost ◽  
Tax System ◽  
National Board ◽  
Development Goals ◽  
Domestic Resource

The automated tax system has been taken as an effective tool for modernizing the tax system. The automated tax system can easily store all types of reported income, and it makes the tax submission procedure easy and convenient, resulting in reducing the compliance cost. The main objective of this chapter is to explain the necessity of an automated value added tax (VAT) system for raising domestic resource mobilization and how automation can be a better alternative to finance sustainable development goals projects. The secondary data was collected from the National Board of Revenue, Bangladesh. This study explains that the entire VAT system's automation can reduce the taxpayers' incentive to evade tax by reducing the tax compliance and taking bribes of tax officials. In sum, automation of the tax system would ultimately be pragmatic tax reform for the financing in the SDG projects.

Automation of VAT System

2022 ◽  
pp. 263-284
Author(s):  
Biplob Kumar Nandi ◽  
Md. Humayun Kabir ◽  
Nandini Roy
Keyword(s):  
Sustainable Development ◽  
Tax Reform ◽  
Tax Compliance ◽  
Value Added ◽  
Secondary Data ◽  
Compliance Cost ◽  
Tax System ◽  
National Board ◽  
Development Goals ◽  
Domestic Resource

The automated tax system has been taken as an effective tool for modernizing the tax system. The automated tax system can easily store all types of reported income, and it makes the tax submission procedure easy and convenient, resulting in reducing the compliance cost. The main objective of this chapter is to explain the necessity of an automated value added tax (VAT) system for raising domestic resource mobilization and how automation can be a better alternative to finance sustainable development goals projects. The secondary data was collected from the National Board of Revenue, Bangladesh. This study explains that the entire VAT system's automation can reduce the taxpayers' incentive to evade tax by reducing the tax compliance and taking bribes of tax officials. In sum, automation of the tax system would ultimately be pragmatic tax reform for the financing in the SDG projects.

GST - Sway On Small Scale Industries

2019 ◽  
Vol 118 (10) ◽  
pp. 365-372
Author(s):  
Jayanti.G ◽  
Dr. V.Selvam
Keyword(s):  
State Government ◽  
Tax Reform ◽  
Small Scale ◽  
Tax Revenue ◽  
Tax System ◽  
Goods And Services ◽  
Single Tax ◽  
The People ◽  
Indirect Taxes ◽  
The Government

India being a democratic and republic country, has witnessed the biggest indirect tax reform after much exploration, GST bill roll out on 1 April 2017.  The concept of this reform is for a unified country-wide tax reform system.  Enterprises particularly SMEs are caught in a state of instability.  Several taxes such s excise, service tax etc., have been subsumed with a single tax structure. it is the responsibilities of both centre and state government to shoulder the important responsibility to cater the needs of the people and the nation as a whole.  The main basis of income to the government is through levy of taxes.  To meet the so called socio-economic needs and economic growth, taxes are considered as a main source of revenue for the government.  As per Wikipedia “A tax is a mandatory financial charge or some other type of levy imposed upon tax payer by the government in order to fund various public expenditure”   it is said that tax payment is mandatory, failure to pay such taxes will be punishable under the law.   The Indian tax system is classified as direct and indirect tax.   The indirect taxes are levied on purchase, sale, and manufacture of goods and provision of service.  The indirect tax on goods and services increases its price, this can lead to inflationary trend.  Contribution of indirect taxes to total tax revenue is more than 50% in India, therefore, indirect tax is considered as a major source of tax revenue for the government, which in turn is one of source for GDP growth.  Though indirect tax is a major source of revenue, it had lot of hassles.  To overcome the major issues of indirect tax system the government of India subsumed most of the indirect tax which in turn gave birth to the concept called Goods and Service Tax.

scholarly journals Cultural Consumption and Citizen Engagement—Strategies for Built Heritage Conservation and Sustainable Development. A Case Study of Indore City, India

2021 ◽  
Vol 13 (5) ◽  
pp. 2878
Author(s):  
Soniya Billore
Keyword(s):  
Sustainable Development ◽  
Cultural Heritage ◽  
Secondary Data ◽  
Collective Responsibility ◽  
Citizen Engagement ◽  
Cultural Consumption ◽  
City Region ◽  
The Sustainable Development ◽  
Built Heritage

Cultural heritage is an invaluable asset of any city, region, or community and is an important component in the sustainable development of societies and economies. However, the role of cultural heritage has been understudied in terms of its social embeddedness and impact on social cohesion. This has led to a demand for more insights on how cultural heritage is conserved globally and more significantly via the role of societal stakeholders. Inclusive strategies allow diverse sections of a community to engage and enrich not only the anthropological interpretations of society but also support social stability and foster positive social change. This paper exemplifies how an inclusive approach was used to engage citizen engagement for the sustainable development of the built heritage in the city of Indore in central India. Best practices are presented through secondary data through various print and online sources relevant to the context. Open coding of secondary data has helped to identify strategic approaches and relationships that emerge as crucial to citizen engagement as presented in this study. The paper discusses strategies that, based on diversity and inclusivity, contribute to the enrichment of community knowledge, increased synergistic participation, and the enhancement of the sense of collective responsibility in cultural consumption.

scholarly journals Impact of Implementation of Goods and Service Tax on Indian Banking Sector

2018 ◽  
pp. 18-32
Author(s):  
Revathi R. ◽  
Madhushree ◽  
P. S. Aithal
Keyword(s):  
Economic Growth ◽  
Banking Sector ◽  
Value Added ◽  
Tax System ◽  
Tax Rate ◽  
Bank Branches ◽  
Goods And Services ◽  
The Government ◽  
One Year ◽  
The Impact

The banking sector is one of the biggest and revenue generating sector in our economy. Indiais a country with impressively splendid banks with sufficient capital and well-regulated rulesand regulations. One of the biggest transformations that the sector faced during this period isGST i.e., Goods and Service Tax, a new tax regime introduced in the midnight of 1 July2017. Now the new tax regime has become one year old and there are so many changeswhich happened in the banking sector during this one-year periods. Introduction of GST tothe banking sector was one the highly risky and challenging role for the government. GST isa replacement to the Value Added Tax (VAT) which was implied on goods and services. Themain purpose of studying the impact of implementation of GST is to avoid double taxationon goods and services. It is a self-regulated tax system with a simplifies tax regime whichreduces the multiplicity of tax. The purpose of this study is to know the challenges faced bythe Banking sector and its effects on the customers after the implementation of the GST.New tax regime made an incredible step by the abolish of centralized registration of thebanks. Now all the bank branches have to register under GST in each state for the smoothfunctioning. The tax rate has created an impression in the banking sector that the sector iscontributing much toward the economic growth of the country. Tax slabs is anotherimportant and critical thing discussed in this paper which has substantially increasedcompared to the old tax regime. Data for the study have been collected from secondary datasources such as journals, internet, and news articles. Using the ABCD qualitative analysistechnique, advantages, benefits, constraints, and disadvantages for both banks and thecustomers for payment of GST are identified.

scholarly journals The Role of Multinational Enterprises in Achieving Sustainable Development - The Case of Huawei

2019 ◽  
Vol 8 (3) ◽  
pp. 194 ◽  
Author(s):  
Sue Claire Berning
Keyword(s):  
Sustainable Development ◽  
Multinational Enterprises ◽  
Sustainable Development Goals ◽  
Annual Reports ◽  
Published Data ◽  
The Sustainable Development ◽  
Study Approach ◽  
Social Contributions ◽  
Development Goals

The aim of this paper is to investigate the relationship between business and sustainable development, particularly the role of multinational enterprises (MNEs) as possible driving force for achieving sustainability. By following an inductive case study approach and referring to the Sustainable Development Goals (SDGs) of the United Nations, the sustainable undertakings of the Chinese MNE Huawei are explored. Published data on Huawei’s website and online resources like annual reports, news announcements, sustainability and corporate social responsibility reports are used for this purpose. The main findings indicate that Huawei can promote sustainable development internationally on three different levels: (1) products/services, (2) business operations and (3) social contributions. Based on these findings, a systematic framework is derived to help illustrate possible and classify existing MNE’s sustainability activities, as well as the related main stakeholders. This paper is useful for scholars and practitioners alike as it shows the compatibility of success in business with sustainability, as well as the potential of MNEs to contribute to sustainable development.             Keywords: Sustainable Development Goals, business, multinational enterprises, emerging markets

scholarly journals Value Added Tax in Nepal: An Empirical Assessment

2010 ◽  
Vol 27 (1-2) ◽  
pp. 131-142
Author(s):  
R. K. Shah
Keyword(s):  
Tax Reform ◽  
Developing Economies ◽  
Value Added ◽  
Tax Base ◽  
Tax System ◽  
Reform Agenda ◽  
Sales Taxes ◽  
The People ◽  
The Government ◽  
Tax Payers

In developing economies, resource gap is critical and widening resulting tohuge fiscal and budgetary deficits. Therefore, revenue mobilization is challenging proposition in an economy like Nepal where majority of the people live in abject poverty. Tax administration lacks innovative mechanism to identify new tax payers and bring them into tax-net. Tax reform agenda was the reform package and program of the government after the restoration of multiparty democracy system. In Nepal, VAT was introduced in 1997 to improve revenue mobilization through broadening the tax base and modernizing the tax system. In this process, the government had to face new problems that came along with the adoption of VAT. Thus, the purpose of this study is to analyze the structure and responsiveness of VAT in Nepal empirically and compare it with that of old system of sales taxes. The old system of sales taxes refers to the combined sales, entertainment, contracts, hotels, and air flight taxes received by the government before 1997/98.

scholarly journals Role of Value Added Tax in Total Tax Revenue: An Empirical Study of Nepal

2020 ◽  
Vol 1 (1) ◽  
pp. 1-12
Author(s):  
Ananta Raj Dahal
Keyword(s):  
Value Added ◽  
Secondary Data ◽  
Tax Revenue ◽  
Government Revenue ◽  
Total Revenue ◽  
Value Added Tax ◽  
Government Organizations ◽  
The World ◽  
The Government

This paper examines the role of Value Added Tax (VAT) in total tax of Nepal. Tax is the main sources of government revenue. There are different kinds of tax systems used in the world. The concept of VAT had been introduced in 1919 A D from Germany as a new concept of indirect tax system of the world. VAT system have introduced from 1995 A D in Nepal. The specific objectives are to analyse the trend of VAT and to examine the correlation between VAT with total revenue and total tax revenue in Nepal. This study is based on secondary data, which are incorporated from the Ministry of Finance and other related government as well as non-government organizations. Both analytical and descriptive statistics are applied as methods in this study. At the process of data analysis some statistical tools like regression, correlation, etc. are used. The study shows that VAT has significant percentage in total revenue and total tax revenue in Nepal. There are more than 99 present variations due to VAT in total revenue, total tax revenue and indirect tax revenue. All these relationship are significant as r >6 PEr everywhere. Thus, VAT has significant contribution in government revenue of Nepal. But the system of VAT must be improved to increase its effectiveness through the government policy level and increase awareness tax payers about baling system of VAT.

scholarly journals Expansion of Cashew Cultivation and its Environmental and Economic Impacts on Guinea-Bissau

2021 ◽  
Vol 56 (3) ◽  
pp. 385-397
Author(s):  
Abdulai Ismail Seca ◽  
Henrique Dos Santos Pereira ◽  
Suzy Cristina Predroza da Silva
Keyword(s):  
Sustainable Development ◽  
Economic Impacts ◽  
Secondary Data ◽  
Online Questionnaire ◽  
The Sustainable Development ◽  
Guinea Bissau ◽  
Cashew Nut ◽  
Historical Series ◽  
The Government ◽  
Cashew Nut Shell

Guinea-Bissau has recently become the fifth largest producer and exporter in the world of Cashew Nut Shell (CNS) and the product accounts for 90% of the country’s total exports. The objective of this study was to analyze the expansion of cashew cultivation and its environmental and economic impacts on the country, from the perspective of sustainable development. In the methodology, correlational statistical analyses were used, based on multiple regression, correlation, and linear regression techniques. To qualify the empirical results based on the historical series of secondary data, an online questionnaire was applied to nine experts to assess the impacts of sector-specific public policies on Cashew Nut Shell Production (CNSP) and Cashew Nut Shell Export (CNSE). Finally, geoprocessing techniques were used to identify the deforestation trends in the country (2002-2018). As main results, it was verified that from 2000 to 2015, the CNSE accounted for an average of 8.9% of the country’s GDP. As for environmental impacts, it was found that between 2002 and 2012, the country’s deforestation was explained by the CNSP (p < 0.001 and R² = 0.91), whereas between 2013 and 2017, although positively associated, the relationship was not significant. Geoprocessed data on vegetation cover indicate that from 2002 to 2018, accumulated deforestation was intensified mainly in the southern and northern regions of the country. To make full use of cashew, a greater effort is needed from the Government and the productive sectors, which would allow the sustainable development of the sector and a substantial increase in the production of other crops.

O Mito do desenvolvimento sustentável: Meio ambiente e custos sociais no moderno sistema produtor de mercadorias

2021 ◽  
Author(s):  
Gilberto Ristow Montibeller
Keyword(s):  
Sustainable Development ◽  
Environmental Degradation ◽  
Production System ◽  
Financial Incentives ◽  
Material Selection ◽  
The Sustainable Development ◽  
Global Mission ◽  
Environmental Space ◽  
The Government

In this book we analyse the sustainability question in the Modern Production System, which today encompasses most of the world economy. We present concepts, theories, indicators, indices, formulas, methods and historical date to examine the evolution and trends of two sustainable development dimensions: socioeconomic and environmental. We focus on the nature-economy nexus and analyse its contradictory process: the more the economics needs nature, the more its cause natural resources depletion and environmental degradation. The huge increase on CO2 emissions in the last three decades – from oil, coal and another non-renewable resources– provides strong evidence to such contradiction. We then analyze the role of material recycle as a solution against both, resources depletion and environmental degradation. Our analysis suggests that the recycle of materials can only contribute to reduce the problem. Moreover, there cycle process of materials depends, on many cases, of public or social subsidies – as financial incentives from the government and domestic material selection. The environment problem transcends borders (as an enterprise, a village, a city, or a country): one can be sustainable, but in fact transfer to other its environmental problem. We adopt the notion of Environmental Space to deal with the sustainability question. We then present and apply the concept of Eco-inequal Exchange to analyse such a question. The environmental movement, which started about fifty years ago, did transform the sustainable development into a global mission. By exposing socio-environmental problems generated by the modern production system itself, this book aims to contribute to a better understanding the limits and possibilities of ours actions as environmentalists.

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