scholarly journals GST & Evolution of Tax System in India

2017 ◽  
Vol 7 (1) ◽  
pp. 65
Author(s):  
Jasmine V.M.
Keyword(s):  
Tax Reform ◽  
Value Added ◽  
Collection System ◽  
Value Added Tax ◽  
Simple Manner ◽  
Tax Collection ◽  
Tax System ◽  
Cascading Effect ◽  
Development Structure ◽  
Taxation System

<em>Goods and Service Tax (GST) is a new tax-reform that India going to experience from July 1st 2017. GST is a comprehensive tax collection system which will subsume many direct as well as indirect taxes. Currently we have Value Added Tax system for collecting indirect tax by the states. It has been introduced as indirect value added tax into Indian Taxation system from 01st April 2005. Approximately 193 countries in the world employed VAT. In order to give uniformity in tax collection and to avoid cascading effect of tax GST has been studied and going implement throughout the country. In this context this paper is an attempt to understand historical development, structure of Indian Taxation system, working, features, Impacts of GST in a simple manner .This paper concludes with some suggestions which will be helpful for smooth implementation of GST.</em>

scholarly journals Tax System and Conditioning of Business Environment in Lithuania

Ekonomika ◽  
2000 ◽  
Vol 52 ◽  
Author(s):  
Aleksandras Vytautas Rutkauskas ◽  
Manuela Tvaronaviciene
Keyword(s):  
Tax Reform ◽  
International Comparisons ◽  
Value Added ◽  
Business Environment ◽  
Value Added Tax ◽  
Tax System ◽  
A Value ◽  
Main Emphasis ◽  
Consumption Taxes

In this article an officially declared direction of a future tax reform is discussed. The main emphasis is put on the examination of a role of a profit tax in conditioning of contemporary economical environment of operating business firm and impact of consumption taxes on a behavior of various participants of market. International practice of imposing a profit tax and a value added tax (VAT) is considered and international comparisons are made. The article argues for introducing a progressive profit tax and reducing value added tax.

scholarly journals VALUE ADDED TAX AND TURNOVER TAX. COMPARATIVE CHARACTERISTICS

2021 ◽  
Vol 9 (1) ◽  
pp. 76-80
Author(s):  
Anton Chehov
Keyword(s):  
Tax Reform ◽  
Value Added ◽  
Comparative Characteristic ◽  
Value Added Tax ◽  
Tax System ◽  
Pros And Cons

Currently, aspects of tax reform are being actively discussed and discussed, and proposals are increasingly being put forward to abolish the value-added tax and return to its origins-the turnover tax. Of course, each of them has its own «pros» and «cons» of using a particular tax system. But the transition from VAT to turnover tax is natural, and to justify this in this article, it is proposed to conduct a comparative characteristic of them.

Business tax to value-added tax reform in China

2019 ◽  
Vol 31 (4) ◽  
pp. 602-625 ◽  
Author(s):  
Zhiyuan Wang ◽  
Jagdeep Singh-Ladhar ◽  
Howard Davey
Keyword(s):  
Tax Reform ◽  
Economic Transition ◽  
Essential Element ◽  
Value Added ◽  
Service Industries ◽  
Reform Process ◽  
Value Added Tax ◽  
Tax System ◽  
Content Type ◽  
Business Tax

Purpose This paper aims to examine the indirect tax reform process in China. Specifically, it examines the reform of business tax to value-added tax. Inefficiencies within the new tax system are identified and discussed. The “business tax to value-added tax” reform was seen as an essential element in promoting the economic transition and stimulating the service industries (Jin and Jin, 2013). Design/methodology/approach The paper uses archival and current literature. In undertaking the study, the different periods of indirect tax are examined, prior to 1994, 1994-2012, the changes from 2012 culminating in the new 2017 regime. Attributes of “good” value-added tax (VAT) systems are covered as well as a comparison with New Zealand’s goods and services tax (GST). Findings The paper finds that to align with the international trend of indirect tax development and more efficiently accomplish the economic transition China needs to build a more neutral VAT system with fewer reduced rates and exemptions and the tax system have created tax inefficiencies and increased the compliance cost. VAT is imposing an increasingly significant impact on China’s national economy and industrial structure as well as accountants. Originality/value This is the first study that analyses the indirect tax reforms that are currently being implemented in China and as such has lessons for China but also for VAT/GST in general. We should not forget how special New Zealand’s GST is and the clarity of focus of those who implemented it!

scholarly journals Treasury I and the Tax Reform Act of 1986: The Economics and Politics of Tax Reform

1987 ◽  
Vol 1 (1) ◽  
pp. 37-58 ◽  
Author(s):  
Charles E McLure ◽  
George R Zodrow
Keyword(s):  
United States ◽  
Income Tax ◽  
Tax Reform ◽  
Value Added ◽  
The United States ◽  
Legislative Process ◽  
Value Added Tax ◽  
Tax System ◽  
State Of The Union ◽  
Economics And Politics

During President Reagan's State of the Union Address in January 1984, he requested that Treasury Secretary Donald Regan prepare “a plan for action to simplify the entire tax code so that all taxpayers, big and small, are treated more fairly.” In response, the Department of the Treasury spent ten months preparing a report to the President that has come to be called Treasury I. This three-volume study explained the need for tax reform and the general directions such reform should take, provided a comprehensive set of proposals for reform of the income tax, and analyzed the feasibility and desirability of an American value-added tax. Following almost two years of public debate, the Tax Reform Act of 1986 became law on October 22, 1986. Though widely hailed as the most far-reaching reform of the nation's tax system since the 1940s, the 1986 Act falls far short of the promise of Treasury I. It is useful to devote attention to Treasury I, even though much of it failed to survive the legislative process. First, because Treasury I represented an attempt to formulate a workable tax system that closely approximates the economist's view of an ideal income tax, it is likely to condition future deliberations on tax reform both in the United States and in other countries. Second, the conceptually coherent proposals of Treasury I provide a standard against which to measure the hodge-podge of proposals that became law in the 1986 Act. Finally, a discussion of the decisions underlying Treasury I should prove informative to economists and political scientists interested in the process and substance of tax reform.

scholarly journals Value Added Tax and Informality: Determinants of Registration of Enterprises under State VAT in India

2018 ◽  
Vol 13 (1) ◽  
pp. 21-48
Author(s):  
Sacchidananda Mukherjee ◽  
R. Kavita Rao
Keyword(s):  
Value Added ◽  
Jel Classification ◽  
The State ◽  
Sales Tax ◽  
Value Added Tax ◽  
Taxation System

Unincorporated enterprises often bypass formal regulations in general and taxation in particular. Bringing unincorporated enterprises under the taxation system is a challenge often faced by tax administrators, and it is in this regard that the present study explores the factors which influence the decision of unincorporated enterprises to register with the state value added tax (VAT)/sales tax authority across states in India. This analysis is limited to the decision regarding registration. It is not necessary that enterprises that are registered pay taxes and/or file returns—however, the process of registration does provide some information to the tax department for follow ups. The study throws up some interesting results for policymakers and tax administrators. JEL Classification: H25, H32, H26, L53

scholarly journals ANALISIS KEBIJAKAN SISTEM PEMUNGUTAN PAJAK REKLAME DI KOTA TOMOHON ( Studi Pada Dinas Pendapatan, Pengelolaan Keuangan dan Asset Kota Tomohon )

2016 ◽  
Vol 11 (1) ◽  
Author(s):  
Christo A. Sualang ◽  
Ventje Ilat ◽  
Anneke Wangkar
Keyword(s):  
Asset Management ◽  
Secondary Data ◽  
Tax Rates ◽  
Collection System ◽  
Tax Collection ◽  
Local Revenue ◽  
Voting System ◽  
Force Planning ◽  
Taxation System ◽  
The City

Advertisising tax collection system is essential in supporting the implementation of billboards orderly and neat and can create and atmosphere conducive bussines climate, public tranquility and public order can be realized. Therefore, if the better the organization and arrangement of adversement in the district/region, then the optimal well as local revenue from the tax sector. The purpose of this study was to determine policy adverstising tax collection system in the city tomohon and to determine obstacles in the collection of adversticement tax in tomohon. The data used in this research is secondary data is yhe data coming from the department of refenue, finance and asset management tomohon. The result showed that the adversment taxation system policy has not completely go according to the legislation in force. Planning policy and adversment tax voting system includes how the arrangement regarding the implementation, licensing, system and incidental arrangement permanent billboard, rental values and tax rates billboard, as well as system and procedures adverstisement taxation. Advertisement taxation obstacles in tomohon, among others: implementation of billboards not in accordance with the applicable local regulations and constraints in terms of licensing advertisement.

scholarly journals Tax Revenue, Tax Reform and Government Expenditure: The Case of Nigerian Economy (1994 – 2017)

2020 ◽  
pp. 1-12
Author(s):  
Chinedu Jonathan Ndubuisi ◽  
Onyekachi Louis Ezeokwelume ◽  
Ruth Onyinyechi Maduka
Keyword(s):  
Income Tax ◽  
Tax Reform ◽  
Government Expenditure ◽  
Value Added ◽  
Series Data ◽  
Tax Revenue ◽  
Value Added Tax ◽  
Tax Reforms ◽  
Level Of Significance ◽  
Excise Duties

The objective of this study is to empirically investigate the effect of tax revenue and years tax reforms on government expenditure in Nigerian. Tax revenue were explained using custom and excise duties, company income tax, value-added tax and tax reforms explained by the years in which reforms took place measured by dummy variables as proxies. In conducting this research, an annual time series data from central bank statistical bulletins and Federal Inland revenue Service of Nigeria spanning from 1994-2017 were employed. The data were tested for stationarity using the Augmented Dicker-Fuller Unit Root Test and found stationary at first difference. The Johansen co-integration test was also conducted and showed that the variables are co-integrated at the 5% level, which implied that there is a long-run relationship between the variables in the model. The presence of co-integration spurred the use of vector error correction model and VEC granger causality to determine the effects and decision for the study objective. Findings revealed that Customs and Excise Duties has positive (3.96) and significant (-8.38) impact on government expenditure at 5% level of significance (t=8.38>1.96), Company Income Tax has negative (-1.25) and significant (2.98) impact on government expenditure at 5% level of significance (t=2.98>1.96), Value added tax has positive (8.54) and significant (3.90) impact on government expenditure at 5% level of significance (t=3.90>1.96) and Tax reforms periods has negative(-3.52E+12) and significant (8.39) impact on government expenditure at 5% level of significance (t=8.39>1.96). The study thus concluded that tax revenue and tax reforms significantly affect the Nigerian economy with the direction of causation running from government revenue to government expenditure, supporting the revenue-spend or tax-spend hypothesis.  It was recommended while seeking to increase its revenue base via tax should also increase their expenditure profile to create a balance with the tax revenue and every other tax reform should be geared towards this balance.

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