scholarly journals Impact of Tax reforms in Government of Indias Indirect Tax Collections with Special Reference to Year 2000-2020

2022 ◽  
Vol 10 (1) ◽  
pp. 139-147
Author(s):  
CA Naveen Kumar Tiwari
Keyword(s):  
Growth Rate ◽  
Central Government ◽  
Economic Liberalization ◽  
Tax Revenue ◽  
Major Contributor ◽  
Tax Reforms ◽  
Tobacco Products ◽  
Indirect Taxes ◽  
The Government ◽  
Year 2000

Abstract: In this paper, an attempt has been made to analyse the implications of tax reforms after the economic liberalization in 1991 with respect to collection of indirect tax revenue of the Government of India during the last two decades (2000-20). The composition of indirect tax revenue of the Government has undergone a drastic change during the last two decades. Post implementation of the GST Act, the levy of Central Excise has been restricted to petroleum and tobacco products and GST has evolved as the major contributor to the indirect tax revenue collections followed by the Customs Duty. Comparative analysis of indirect tax collections of the Central Government with respect to its growth, share in gross tax revenue, percentage of GDP and composition has been done for the period from 2000-01 to 2019-20. The current study has revealed the growth rate of indirect taxes has not only been uneven but also declined during the year 2001-02, 2008-09 and 2009-10. The share of indirect tax in the gross tax revenue has also gradually declined from 63% in 2000-01 to 46% in 2019- 20%. The indirect tax-GDP ratio has remained stagnant in the range of 3.5 to 5.5 % during the last two decades.

scholarly journals Analysis of Elasticity and Buoyancy and Projection of Tax in Nepal

2018 ◽  
Vol 32 (1) ◽  
pp. 105-116
Author(s):  
Dil Nath Dangal
Keyword(s):  
Gross Domestic Product ◽  
Secondary Data ◽  
Domestic Product ◽  
Fiscal Year ◽  
Tax Revenue ◽  
Tax System ◽  
Indirect Taxes ◽  
The Government ◽  
Year 2000

This study has been designed to calculate elasticity and buoyancy and projection of various taxes in Nepal from 2018 to 2020. This study is based on secondary data published by the government of Nepal covering a period between the fiscal year 2000 to 2016. The various sources of revenue as a proportion of the Gross Domestic Product (GDP) have been analyzed during this period. This study particularly deals with the analysis of elasticity and buoyancy of tax and nontax revenue. The projection of tax revenue since 2018 to 2020 has also been forecasted. The findings reveals that the overall tax system of Nepal seemed to be inelastic during study period, and direct taxes appeared smaller elasticity’s than indirect taxes and those buoyancy coefficients of major taxes became much higher than their respective elasticities.

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 ASSESSMENT OF VALUE ADDED TAX REDUCTION POSSIBILITIES FOR SELECTED FOOD GROUPS IN LATVIA

2018 ◽  
Author(s):  
Aleksejs NIPERS ◽  
Irina PILVERE
Keyword(s):  
Central Government ◽  
Value Added ◽  
Tax Revenue ◽  
The European Union ◽  
Food Groups ◽  
Member States ◽  
Eu Member States ◽  
Fresh Vegetables ◽  
Negative Effect ◽  
The Government

Value-added taxes (VAT) are applied in the European Union (EU) Member States in accordance with Directive 2006/112/EC to limit distortions in competition in the common European market. Latvia is one of the five EU Member States where reduced VAT rates are not applied to food products, and the food is taxed at the standard rate of 21%. For this reason, food producer organisations discuss the introduction of a reduced VAT rate for selected fruits, berries, vegetables as well as potato grown in Latvia. The overall aim of the present research is to assess the effect of reduction of the VAT rate from 21 to 5% for selected food groups: fresh fruits, berries, vegetables and potato produced in Latvia. The research estimated a decrease in the price for the mentioned food groups, identified a potential increase in consumption and forecasted the effect of the VAT rate reduction on the amount of tax revenue collected by the central government. The research found that the reduction of the VAT rate from 21 to 5 % would result in a price decrease ranging from 1.9 to 3.5% for fruits, berries, vegetables and potato, the consumption of fresh fruits and berries would increase, on average, in the range of 1.2–2.3%, while the consumption of fresh vegetables would increase, on average, in the range of 1.2–2.1%, yet in a short-term the tax revenue paid to the government would decrease in the range of EUR 3.9–5.7 million. Nevertheless, in a medium-term, a significant positive effect on the producers of fruits, berries, vegetables and potato that operate legally in the agricultural industry could be expected, as the negative effect of the shadow economy decreases.

scholarly journals LEGAL POLICY OF ANTI-SOVIET A. V. KOLCHAK’S GOVERNMENT IN THE SPHERE OF TAXES

2020 ◽  
Vol 6 (4) ◽  
pp. 131-135
Author(s):  
A. V. Dulger
Keyword(s):  
Tax Policy ◽  
Income Tax ◽  
Western Siberia ◽  
Tax System ◽  
Tobacco Products ◽  
Soviet Government ◽  
Excise Taxes ◽  
Indirect Taxes ◽  
The Government ◽  
The Impact

This article discusses the legislation of anti-Soviet state entities in the field of taxes, in particular, the government of A.V. Kolchak. Particular attention is paid to the subsequent implementation of regulatory acts in the field of tax regulation in Western Siberia. The features of the tax policy of the Kolchaks government in the conditions of revolution and civil war are described considering the previous events of the Soviet authorities. The restoration of the tax system is being investigated. The types of direct and indirect taxes, such as corporate income tax, commercial tax, excise taxes on alcohol and tobacco products, income tax, entertainment tax, are examined in detail. The impact of tax policy of A. V. Kolchak to other anti-Soviet governments that acted on the territory of Russia in 19171921, and to some extent to the tax policy of the Soviet government after the defeat of the white movement is estimated. The author assumes and argues the lack of effectiveness of the tax policy of the white A. V. Kolchaks government, which was one of the reasons for his defeat.

scholarly journals IMPLEMENTATION EXCISE REGULATIONS OF VAPE LIQUID IN KPPBC TIPE MADYA CUKAI MALANG

2019 ◽  
Vol 3 (1) ◽  
pp. 9-21
Author(s):  
Joko Sumantri
Keyword(s):  
Social Networks ◽  
Research Method ◽  
New Product ◽  
Tax Revenue ◽  
Tobacco Products ◽  
Excise Tax ◽  
Descriptive Research ◽  
Qualitative Descriptive ◽  
The Government

The study of e-cigarettes (vape) associated with excise is quite difficult to find in Indonesia. Thus, this study becomes important for the government in evaluating the application of vape liquid excise tax rules to make it fairer for businesses. By using a qualitative descriptive research method, this study obtained the findings that in the working area of KPPBC Type Madya Cukai Malang, the implementation of new regulations related to vape had increased the tobacco excise tax revenue by <1% of the total tobacco excise revenue in the Malang region. In Malang, the contribution of excise revenue from vape liquid is still relatively small to the overall excise tax revenue from tobacco products considering the quantity that is still not massive because it is a new product subject to excise. Although the socialization efforts related to this matter can be said to be successful, it is still needed a mechanism for channeling information for example through social networks so that the latest policies and regulations that are implemented can be implemented more effectively.

scholarly journals Recent impact of gst in india

2017 ◽  
Vol 7 (2) ◽  
pp. 288-293
Author(s):  
Gomathi N
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Central Government ◽  
National Level ◽  
Tax Structure ◽  
Tax Reforms ◽  
Tax System ◽  
Goods And Services ◽  
National Market ◽  
Indirect Taxes

GST also known as the Goods and Services Tax is defined as the giant indirect taxstructures designed to support and enhance the economic growth of a country. In today‘sscenario to pay various taxes i.e. direct and indirect taxes, which are felt as burden on us anddue to these taxes the corruption is increasing. So, to overcome from all these taxation systemthe Central Government has decided to make one tax system i.e. Goods and Services Tax(GST). GST is one of the most critical tax reforms in India which has been long awaitingdecision. It is a comprehensive tax system that will subsume all indirect taxes of State andcentral Governments and whole economy into seamless nation in national market. It isexpected to remove the burden of existing indirect tax system and play an important role ingrowth of India. GST includes all Indirect Taxes which will help in growth of economy andproves to be more beneficial than the existing tax system. GST will also help to accelerate theoverall Gross Domestic Product (GDP) of the country. The Goods and Services Tax (GST) isa vast concept that simplifies the giant tax structure by supporting and enhancing theeconomic growth of a country. GST is a comprehensive tax levy on manufacturing, sale andconsumption of goods and services at a national level

scholarly journals Rekonsiliasi Data Keuangan dan Karakterisasi Satuan Kerja dengan Teknik Data Mining

2016 ◽  
Vol 1 (3) ◽  
pp. 49-68
Author(s):  
Dedy Elisa Limbong
Keyword(s):  
Data Mining ◽  
Central Government ◽  
Financial Statements ◽  
Tax Revenue ◽  
Accounting System ◽  
Work Unit ◽  
Data Mining Techniques ◽  
Classification Technique ◽  
Work Units ◽  
The Government

Preparation of Financial Statements of the Central Government is the responsibility of the government. The preparation of the report should be preceded by a reconciliation of financial data between the State General Treasurer (BUN) by KPPN with Work Unit. BPK findings on unmatches as results of reconciliation is a proof that there are still unmatched transactions recorded in the accounting system of  BUN and work units's. Direktorat Jenderal Perbendaharaan can reduce the possibility of unmatch records by performing supervision activities focused on work units that have been characterized. Data mining techniques can be used for characterization by utilizing a database on Sistem Perbendaharan dan Anggaran Negara (SPAN). This research use classification technique by setting two class that are SELISIH and OK. This research uses twenty attributes from work unit obtained through data mining techniques and the result shows work units with high number of SP2D and PNBP records (non-tax revenue) are work units tended to be unmatch work unit. Abstrak Penyusunan Laporan Keuangan Pemerintah Pusat merupakan tanggung jawab pemerintah. Penyusunan laporan tersebut harus didahului oleh proses rekonsiliasi data keuangan antara Bendahara Umum Negara (BUN) melalui KPPN dengan satuan kerja. Temuan BPK atas selisih hasil rekonsiliasi menjadi bukti bahwa masih terdapat selisih pencatatan akuntansi pada sistem BUN dan satuan kerja. Direktorat Jenderal Perbendaharaan (KPPN) dapat menekan kemungkinan terjadinya selisih rekonsiliasi dengan melakukan kegiatan supervisi yang terfokus pada satker-satker yang telah dikarakterisasi. Teknik data mining dapat digunakan untuk melakukan karakterisasi tersebut dengan memanfaatkan database pada Sistem Perbendaharaan Anggaran dan Negara (SPAN). Teknik data mining dilakukan dengan metode klasifikasi dengan menetapkan dua kelas yaitu kelas SELISIH dan OK. Penelitian ini menggunakan dua puluh atribut satuan kerja di mana melalui teknik data mining di mana hasil data mining menunjukkan bahwa satker dengan atribut Jumlah Surat Perintah Pencairan Dana (SP2D) dan Realisasi Penerimaan Negara Bukan Pajak (PNBP) yang tinggi merupakan satker yang cenderung selisih hasil rekonsiliasinya.

Pajak Daerah dan Restribusi Daerah (PDRD) Dikaitkan dengan Pertumbuhan Investasi

2020 ◽  
Vol 2 (2) ◽  
pp. 154
Author(s):  
Fernando Hariandja
Keyword(s):  
State Government ◽  
Central Government ◽  
Tax Revenue ◽  
Tax Rates ◽  
Fiscal Autonomy ◽  
Regional Authority ◽  
The People ◽  
Direct Compensation ◽  
The Government ◽  
Investment Growth

Tax has a very important role in the life of the country, especially in the implementation of development. Tax revenue is the payment of contributions by the people to the government that are regulated in the law without direct compensation. As is the case with central government taxes, Regional Taxes have an important role in implementing state/government functions, both in the functions of regulation, budgeting, redistributive, and allocation of resources and a combination of the four. A good local tax in principle must provide adequate income for regions with the level of fiscal autonomy they have. Some regions do accommodate the function of revenue and regulation in the formulation of Regional Tax policies. The step that has not been widely considered by the regions is the provision of Regional Tax incentives to attract investment in the regions. In the current era of regional autonomy, regions are given greater authority to regulate and manage their own households. The aim is to bring government services closer to the community. Anyway, President Joko Widodo often complained about the small value of investment coming into Indonesia, one of which is caused by the irrationality of the Regional Tax rates in the eyes of investors. This paper analyzes what policies the government has taken towards PDRD, which are considered to have many of these problems to increase investment growth in Indonesia. To overcome this, the government has made several efforts, one of which is to establish the Omnibus Law. However, the formation of the Omnibus Law itself actually unwittingly has the potential to erode the regional authority to look for sources of locally-generated revenue (PAD). If PAD is reduced, automatically the level of regional dependence on funds from the central government will be even greater, and if PAD is low, then the level of local government public service to the community is also feared to be reduced.

scholarly journals ANALISIS POTENSI PENERIMAAN PAJAK DAERAH DAN RETRIBUSI DAERAH TERHADAP PENINGKATAN PENDAPATAN ASLI DAERAH (PAD) DI SELURUH KABUPATEN/ KOTA PROVINSI MALUKU UTARA

2015 ◽  
Vol 6 (2) ◽  
Author(s):  
Riri I.C Lumikis ◽  
David P.E. Saerang ◽  
Ventje Ilat
Keyword(s):  
Central Government ◽  
Historical Data ◽  
Local Development ◽  
Financial Accounting ◽  
Tax Revenue ◽  
Government Agencies ◽  
Local Revenue ◽  
Local Taxes ◽  
Fiscal Autonomy ◽  
The Government

Local Taxes and Levies is one source of local revenue that has a very important role in the implementation of regional development in North Maluku province. Therefore, with the increasing realization of the kind of reception is in the formation of local revenue (PAD), will show an increase in local fiscal autonomy, as well as reduce the dependence of local development funding from the central government finances. The type of data used in this research, Quantitative Data is data in the form of numbers or numbers that can be processed or analyzed using mathematical or statistical calculations. The research was conducted at the Bureau of Financial Accounting Section of North Maluku Province which is one of the government agencies. Based on the results of research based on the evaluation of historical data and projections of potential tax revenue projections District / City of North Maluku in the next year will increase 29% and the revenue potential Retribution District / City of North Maluku in the next year will increase 77%.

scholarly journals Emerging Trends of Central Government Deficit Indicators in India

2020 ◽  
pp. 32-41
Author(s):  
Sanjeev Kumar
Keyword(s):  
Growth Rate ◽  
Central Government ◽  
Annual Growth ◽  
Annual Growth Rate ◽  
Budget Management ◽  
Fiscal Responsibility ◽  
Compound Annual Growth Rate ◽  
Emerging Trends ◽  
Government Deficit ◽  
The Government

After the implementation of Fiscal Responsibility and Budget Management (FRBM) Act in India, a debate has been started among the economists as to the relevance of the deficit cutting strategy. The objective of the study is to analyses the emerging trends of central government’s major deficit indicators viz., fiscal deficit, revenue deficit and primary deficit in Indian economy from 1980-81 to 2015-16. The study period has been divided into three sub-periods i.e. pre-liberalisation period (from 1980-81 to 1990-91), post liberalisation period till FRBM Act (from 1990-91 to 2002-03) and the post Fiscal Responsibility and Budget Management (FRBM) Act (from 2003-04 to 2015-16) in reply to the worldwide financial crisis and succeeding return to a fiscal consolidation path. The exponential model has been fitted to the time series data for estimating compound annual growth rate (CAGR) of fiscal indicators. The compound annual growth rate has been estimated for The finding point out that the crisis led to the burgeoning of the government deficit to unsustainable levels and encouraged the government to initiate and adopt economic reforms during the study period 1980-81 to 2002-03 and also ensure that the deficit stood at more reasonable levels. On the other hand, the central government has been more proactive and has undertaken fiscal policy reforms to ensure a steady reduction in deficit indicators of central government leading to a more resilient economy after the implementation of FBRM. The study suggested that for fiscal reforms to succeed, continued high economic growth is a prerequisite which in turn requires strong social and economic infrastructure.

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