scholarly journals GST: It’s Impact on Common Man in India

2020 ◽  
Vol 7 (3) ◽  
pp. 6-12
Author(s):  
Amar Ranjan Dey
Keyword(s):  
Economic Growth ◽  
Vital Role ◽  
Point Of View ◽  
Double Taxation ◽  
Tax System ◽  
Cascading Effect ◽  
National Market ◽  
Indirect Taxes ◽  
The Common ◽  
Common Man

After Independence, Goods and Service Tax (GST) would be a very significant and giant indirect tax structure reforms in the country. It is designed to support and enhance the economic growth of the country. It is a comprehensive tax that will integrate all indirect taxes of states and central governments and the unified economy into a seamless national market. Because of its transparent and self-policing character, it would be easier to administer. According to me, it is expected to iron out wrinkles of the existing indirect tax system and play a vital role in a country’s growth. By amalgamating a large number of Central and State indirect taxes, it would mitigate cascading effect or double taxation in a major way and pave the way for a common national market. So, from a common man or consumer point of view, the biggest advantage would be in terms of reduction in the overall tax burden on goods, which was estimated to be around 25%-30% before the implementation of GST. This paper highlights the concept of GST and its impact on the common man.

scholarly journals Gst in india: a key tax reform

2017 ◽  
Vol 7 (2) ◽  
pp. 220-228
Author(s):  
SUDHA B ◽  
DHATCHINAMOORTHI P
Keyword(s):  
Tax Reform ◽  
Vital Role ◽  
Tax Reforms ◽  
Tax System ◽  
Political Issues ◽  
National Market ◽  
Indirect Taxes

GST is one of the most crucial tax reforms in India which has been longpending. It was supposed to be implemented from April 2010, but due to political issues andconflicting interests of various stakeholders it is still pending. It is a comprehensive taxsystem that will subsume all indirect taxes of states and central governments and unifiedeconomy into a seamless national market. It is expected to iron out wrinkles of existingindirect tax system and play a vital role in growth of India. This paper presents an overviewof GST concept, explains its features along with its timeline of implementation in India. Thepaper is more focused on advantages of GST and challenges faced by India in execution

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 Goods and Service Tax (GST): A Sweet Pill for Indian Economy

2018 ◽  
Vol 12 (01) ◽  
Author(s):  
Shantanu Saurabh ◽  
Veenita Singh
Keyword(s):  
Vital Role ◽  
Sales Tax ◽  
State Governments ◽  
Tax System ◽  
Indian Economy ◽  
Excise Duty ◽  
Goods And Services ◽  
National Market ◽  
Indirect Taxes ◽  
Central Level

It is a comprehensive tax system that will subsume all indirect taxes of states and central governments and unified economy into a seamless national market. It is expected to iron out wrinkles of existing indirect tax system and play a vital role in growth of India. It will not be an additional tax; it will include central excise duty, service tax additional duties of customers at the central level, VAT, central sales tax, entertainment tax, octroi, state surcharge, luxury tax, lottery tax and other surcharge on supply of goods and services. GST is the only indirect tax that directly affects all the sections and sectors of our economy. India is a federal democratic, therefore the GST will be implemented parallel by the Central and State governments as CGST and SGST respectively. The purpose of GST is to replace all indirect taxes with single comprehensive tax, bringing it all under single umbrella, to eliminating tax on tax. It is expected to iron out wrinkles of existing indirect tax system to improve the productivity in the country as well as will be benefited to the consumers and play a vital role in growth of Indian economy.

scholarly journals Pros and cons of gst in india

2017 ◽  
Vol 7 (2) ◽  
pp. 240-244
Author(s):  
GOKILA ◽  
SWETHA SASIKUMAR
Keyword(s):  
Vital Role ◽  
Tax Reforms ◽  
Tax System ◽  
Political Issues ◽  
National Market ◽  
Indirect Taxes ◽  
Pros And Cons

GST is one of the most crucial tax reforms in India which has been longpending. It was supposed to be implemented from April 2010, but due to political issues andconflicting interests of various stakeholders it is still pending. It is a comprehensive taxsystem that will subsume all indirect taxes of states and central governments and unifiedeconomy into a seamless national market. It is expected to iron out wrinkles of existingindirect tax system and play a vital role in growth of India. This paper presents an overviewof GST concept, explains its features along with its timeline of implementation in India. Thepaper is more focused on advantages of GST and challenges faced by India in execution.

scholarly journals GST IN INDIA: A KEY TAX REFORM

2015 ◽  
Vol 3 (12) ◽  
pp. 133-141
Author(s):  
Monika Sehrawat ◽  
Upasana Dhanda
Keyword(s):  
Tax Reform ◽  
Vital Role ◽  
Tax Reforms ◽  
Tax System ◽  
Political Issues ◽  
National Market ◽  
Indirect Taxes ◽  
Conflicting Interests

GST is one of the most crucial tax reforms in India which has been long pending. It was supposed to be implemented from April 2010, but due to political issues and conflicting interests of various stakeholders it is still pending. It is a comprehensive tax system that will subsume all indirect taxes of states and central governments and unified economy into a seamless national market. It is expected to iron out wrinkles of existing indirect tax system and play a vital role in growth of India. This paper presents an overview of GST concept, explains its features along with its timeline of implementation in India. The paper is more focused on advantages of GST and challenges faced by India in execution.

scholarly journals Impact of gst in india: a key tax reform

2017 ◽  
Vol 7 (2) ◽  
pp. 280-287
Author(s):  
Munusamy P ◽  
Keerthi Vasan A
Keyword(s):  
Tax Reform ◽  
Vital Role ◽  
Tax Reforms ◽  
Tax System ◽  
Political Issues ◽  
National Market ◽  
Indirect Taxes

GST is one of the most crucial tax reforms in India which has been longpending. It was supposed to be implemented from April 2010, but due to political issues andconflicting interests of various stakeholders it is still pending. It is a comprehensive taxsystem that will subsume all indirect taxes of states and central governments and unifiedeconomy into a seamless national market. It is expected to iron out wrinkles of existingindirect tax system and play a vital role in growth of India. This paper presents an overviewof GST concept, explains its features along with its timeline of implementation in India. Thepaper is more focused on advantages of GST and challenges faced by India in execution

scholarly journals Goods and Services Tax (GST): A Revolutionary Step towards Economic Unification

2019 ◽  
Vol 8 (S1) ◽  
pp. 67-70
Author(s):  
M. P. Akhil
Keyword(s):  
National Level ◽  
Differential Treatment ◽  
Tax Credit ◽  
Tax System ◽  
Excise Duty ◽  
Goods And Services ◽  
National Market ◽  
Indirect Taxes ◽  
Service Sectors

GST is a comprehensive tax system that subsumed all indirect taxes of states and central governments and unified economy into a seamless national market .Under the erstwhile indirect tax regime, there were a number of taxes. Prof. Kelkar Committee has proposed a uniform Goods and Services Tax (GST) to do away with the issues and problems of VAT. Based on Kelkar Committee recommendations, the Govt of India has brought a Bill in 2011 through the Constitution (115th Amendment) (GST) Bill, 2011. However the bill was not passed due to dissolution of 15th Lok Sabha. Again, Constitution (122nd Amendment) (GST) Bill, 2014 was presented in the Lok Sabha and this Bill has been passed in the Lok Sabha as well as Rajyasabha. Goods and service tax is a new story of VAT which gives a widespread setoff for input tax credit and subsuming many indirect taxes from state and national level. The Government’s GST regime seeks to replace excise duty, import duties, VAT and service tax regulations, along with other Cess and surcharges, with three separate legislations namely CGST, SGST and IGST. GST would be applicable to all transactions of goods and service, and it to be paid to the accounts of the Centre and the States separately. The biggest advantage of GST is economic unification of India. It has potential to end the longstanding distortions arising out of the differential treatment of the manufacturing and service sectors. It is an issue if people are still unaware or confuse with the tax system of GST and become worst when people ignore and boycott not to pay the tax.

scholarly journals Gst – a historic tryst with destiny

2017 ◽  
Vol 7 (2) ◽  
pp. 393-397
Author(s):  
Vijayalakshmi M ◽  
Anuradha K
Keyword(s):  
Tax Reform ◽  
Comprehensive Understanding ◽  
Cascading Effect ◽  
The Common ◽  
Common Man ◽  
The Impact ◽  
The Way

GST is set to change the way trade and commerce is carried in our country. Thispaper serves to bring out a brief overview of GST and its structure of implementation inIndia. The objectives and features of GST gives a comprehensive understanding about it. Itfocuses on the impact it has on the common man and the various sectors in our Indianeconomy. This tax reform which was implemented on the midnight of june 30th 2017 purportsto eliminate the cascading effect of taxes and is sure to augment the competitiveness in theindustries in India. Eventually a conclusion is drawn based on the various issues discussed inthis paper.

ART WORLD OF PAINTER VISHNU CHINCHALKAR

2019 ◽  
Vol 7 (11) ◽  
pp. 261-264
Author(s):  
Rashmi Joshi ◽  
Aslam Khan
Keyword(s):  
Simple Form ◽  
Madhya Pradesh ◽  
Point Of View ◽  
Art World ◽  
The World ◽  
The Common ◽  
Common Man ◽  
The Ideal ◽  
Indian Art

English : Shri Vishnu Chinchalkar is one such name in the Indian art field, who considered not only life but also the world as the medium of art. The works of Shri Chinchalkar, who considers nature to be his Guru, speak of his untold truth. It is the ideal of his art to express object and truth through art. From his art point of view, he has been searching for new values ​​of art. From his art point of view, he kept searching for new values ​​from where. For this reason, his images are a medium to connect life with truth and truth with self. You have tried to make the simple form of photography accessible to the common man. Vishnu Chinchalkar holds his place not only in Indore, not only in Madhya Pradesh but among the leading artists of the world. Hindi : भारतीय कला क्षेत्र में श्री विष्णु चिंचालकर एक ऐसा नाम है, जिन्होंने न केवल जीवन को वरन जगत को भी कला का सघन माध्यम समझा। प्रकृति को अपना गुरु मानने वाले श्री चिंचालकर की कृतियां उनके अनकहे सत्य की वाणी है। वस्तु और सत्य को कला के माध्यम से अभिव्यकरना उनकी कला का आदर्श है। अपनी कला दृष्टि से वे कला के नये मूल्यों की तलाश करते रहे हैं। अपनी कला दृष्टि से वे कहां के नए मूल्यों की तलाश करते रहे। इसी कारण उनके चित्र जीवन को सत्य से और सत्य को आत्म पक्ष से जोडने का सशमाध्यम है। आपने आम आदमी तक चित्रकारिता का सरल सुगम स्वरूप पहुंचाने की कोशिश की है। विष्णु चिंचालकर इंदौर ही नहीं, मप्र ही नहीं वरन्‌ विश्व के प्रमुख कलाकारों में अपना स्थान रखते हैं।

scholarly journals THE The Nexus Between Poverty, Education and Economic Growth in Indonesia

2020 ◽  
Vol 8 (4) ◽  
pp. 345-354
Author(s):  
Amaluddin Amaluddin
Keyword(s):  
Economic Growth ◽  
Poverty Reduction ◽  
Secondary Data ◽  
Vital Role ◽  
Point Of View ◽  
Long Run ◽  
Development Policies ◽  
Short Run ◽  
Causality Relationship ◽  
Education And Economic Growth

The causal relationship between poverty, education and economic growth has been widely studied in many countries, however, the results of a lot of studies demonstrate a controversial point of view and diverse conclusions which may be caused by differences in methodologies and development policies. The purpose of this study is firstly, to investigate the dynamic causality relationship between education, poverty, and economic growth both in the short and long-run, secondly, to analyze the dynamic response of poverty to shocks of education and economic growth. This study applied the quantitative method approach by using Panel Error Error Correction Model (PVECM). All secondary data was taken from BPS, in the form of panel data of 33 provinces in Indonesia during the period 2010-2018. This study found strong evidence that there was a long-run feedback causality linkage between poverty, education, and economic growth, while in the short-run, only found a bi-directional causality relationship between education and economic growth. The shocks of education and economic growth were responded negatively by the poverty variable, indicating that improving the quality of education and economic growth plays a vital role or has an impact on poverty reduction.

Sign in / Sign up

Export Citation Format

Share Document