scholarly journals Role of Goods and Services Tax in India’s Economic Development

2019 ◽  
Vol 8 (4S3) ◽  
pp. 155-157
Keyword(s):  
Economic Development ◽  
Financial Development ◽  
Major Part ◽  
Tax Reforms ◽  
Goods And Services ◽  
Indirect Taxes ◽  
Long Time ◽  
Charge Change

Indirect taxes are one of the sources of income for government. The indirect tax reforms played a major part in choosing the heading of financial development. Goods and Services tax is one of the noteworthy roundabout charge change in India. It was presented in India in July 1,2017. Numerous pre-GST execution investigate considers demonstrated that products and administrations charge will contribute to the financial development of the nation. Presently, it is nearly two a long time since the usage of GST. This inquire about consider looks for to ponder whether there's any relationship between merchandise and administrations charge and financial development. In arrange to ponder this relationship, GST turnover and GDP of India for these two a long time is considered. At last, the consider arrives at a significant conclusion and clearly clarifies the degree of impact of GST in Indian financial advancement.

scholarly journals The Role of Digital Economy to Enhancing Sustainable Economic Development

2020 ◽  
Vol 4 (4) ◽  
pp. 519
Author(s):  
Nur Aini Fitriya Ardiani Aniqoh
Keyword(s):  
Economic Development ◽  
Service Providers ◽  
Positive Impact ◽  
Economic Value ◽  
National Development ◽  
Digital Economy ◽  
Goods And Services ◽  
Sustainable Economic Development ◽  
The Government

This study analyzes The Role of Digital Economy  to Enhancing Sustainable  Economic Development. The general objective of this research is to assist the government in determining the right policy on the implement of digital economy and its impact on the the sustainable economic development, especially in Indonesia. In Indonesia the digital economy has increasingly developed in the field of ecommerce. The ecommerce industry is not merely talking about buying and selling goods and services via the internet. But there are also other things in it such as inter-service providers, telecommunications providers and others. This is the reason why the ecommerce industry must be adapted to be able to push the economic pace forward. The government is currently declaring Indonesia as the largest digital economy in 2020 and is targeted to be the largest in Southeast Asia. One of the foundations of national development in this declaration is the digital sector. The government targets ecommerce transactions to reach US $ 130 billion and creates 1,000 technopreneur with a business value of US $ 10 billion in 2020.  Therefore this research will provide policy benefits in strengthening government institutions in order to control the implementation of digital economy in Indonesia so that it give the positive impact on the sustainable economic development to be able to prosper the community and have a positive impact on the environment and increasing the economic value.

scholarly journals Omenirea îngrijorată de starea sănătății plantelor

2020 ◽  
Author(s):  
Leonid Volosciuc ◽  
◽  
Veronica Josu ◽  
Eugen Volosciuc ◽  
◽  
...  
Keyword(s):  
Economic Development ◽  
United Nations ◽  
Plant Protection ◽  
Plant Health ◽  
General Assembly ◽  
Global Awareness ◽  
New Paradigm ◽  
Long Time ◽  
Consistent Basis

The United Nations has declared 2020 the International Year of Plant Health (IYPH), through Resolution 73/252, adopted on December 20, 2018 by the General Assembly. This is a unique opportunity to raise global awareness of how protecting plant health can help stop hunger, reduce poverty, protect the environment and stimulate economic development. The article explains the contradiction between humanity's view of the role of plants in the biosphere and their protection functions, when it becomes increasingly clear the need to change the paradigm of plant protection, which as a widely accepted mental construction, would provide the human community for a long time a consistent basis. for the substantiation of the new paradigm "Plant Health".

scholarly journals The Role of Human Capital in the Economic Development and Social Welfare In Albania

2016 ◽  
Vol 6 (1) ◽  
pp. 63 ◽  
Author(s):  
Arjola Mitaj ◽  
Klodian Muco ◽  
Jonida Avdulaj
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Empirical Studies ◽  
Theoretical Models ◽  
University Education ◽  
Long Time ◽  
Training Courses ◽  
The Relationship

Continuously, the relation between education and economic development has been the focus of development researchers’ studies that study long-term growth. While theoretical models recognize education as the key to a country's economic growth (Bassanini and Scarpetta, 2001; Fuente and Ciccone, 2003; Jones, 2005 Bassanini, 2007), the importance of education is very low in empirical models.The reason for this discrepancy is that for a long time education is measured by the years attended in school and not by the knowledge and skills gained, which according to an OSCE study, a student competences growth of 100 points (measuring unit) produces an increase of 2% of GDP per capita. Thanks to this identification, education is recognized as one of the main keys to development.Various empirical studies show that productivity can be increased through training (Barrett and O'Connell, 2001; Scrutinio et al., 2006). In sum, these studies show that pre university, university education and training courses positively affect the increase of production, which in turn can positively affect the economic development of a country.Thus, this article tends to evaluate the role of Albanian human capital in economic development of the country considering the relationship between education and productivity.

scholarly journals Modernization of the innovative model of economic development of the region

2020 ◽  
pp. 19-22
Author(s):  
N. E. Ivanova ◽  
S. V. Kuznetsov ◽  
V. I. Udodova
Keyword(s):  
Economic Development ◽  
New Technologies ◽  
Innovation System ◽  
Innovation Process ◽  
The State ◽  
Economic Relations ◽  
Goods And Services ◽  
Russian Economy ◽  
Innovative Model ◽  
Long Time

The article considers the process of modernization of the innovative model of economic development of the region as a key tool for sustainable development of the national innovation system. The conditions for the activation of globalization processes allow us to determine the main directions of development of the Russian economy, ensuring sustainable rates of socially oriented economic growth and integration into the world space. This implies the need to realize the innovative potential of individual economic entities, territorial entities, and the state as a whole, which are focused on the generation, development and introduction of new technologies, goods and services. The analysis of the innovation process shows that in the economy, in society as a whole, innovations often meet forces of inertia and resistance, which either strongly inhibit the processes of renewal, or stop them, leaving the idea unclaimed for a long time, while the main factor in the stagnation of innovation processes in the economy can be identified as the established system of socio-economic relations in the state.There is no conflict of interests.

scholarly journals LOGISTICS SECTOR IN AZERBAIJAN ECONOMY: STRUCTURAL IMPROVEMENTS AND ORIENTATIONS STRATEGIC DEVELOPMENT

2019 ◽  
Vol 2 ◽  
pp. 29-38
Author(s):  
Elshad Masim oghlu Yusifov ◽  
Tekmez Korkmaz oghlu Kulu ◽  
Hasan Parviz oghlu Mammadov
Keyword(s):  
Economic Development ◽  
Swot Analysis ◽  
Transport Sector ◽  
Strategic Partner ◽  
Main Pipelines ◽  
International Transport ◽  
Long Time ◽  
Oil Sector ◽  
Regular Increase

The article focuses on the current state of the logistics sector in Azerbaijan and the prospects for its development. In this regard, the article assesses the role of logistics in the development of the country's economy, as a sphere of non-oil sector. It is noted, that the geographical position of Azerbaijan allows the regular increase of trade volumes. The development of trade depends on the development of the logistics sector. According to statistical data on the transport sector of the State Statistical Committee of Azerbaijan, the dynamics of cargo transportation and passenger transportation on the rail, offshore, highways and airways in the country are analyzed and the situation for the last eight years is assessed. The role of main pipelines and international transport corridors in the economic development of Azerbaijan is also appreciated. Azerbaijan joins these transport corridors as an interregional transit center. It is shown, that those main pipelines and international transport corridors will serve not only the distribution of Azerbaijan, but also the economies of the region and the European countries. It will also contribute to the formation of competitive markets and will continue to maintain its relevance for a long time. Based on the Strategic Roadmap for the development of logistics and trade in Azerbaijan Republic, the SWOT analysis of the logistics sector has been given in the country and has shown the perspective strengths that will contribute to the economic development. Also highlighted are the weaknesses that are important to improve. The possibilities of this area and the dangers that may arise are investigated. Strategic considerations and targets for the development of the logistics sector in Azerbaijan by 2020 and 2025, as well as after 2025 are assessed, the importance of the role of the implemented and planned projects in the development of the economy of the country, the region, and in the economy of the strategic partner countries is substantiated. The article identifies existing problems to achieve strategic goals in this area, and suggests ways to optimize them.

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 Tax System in India-Evolution and Present Structure

2015 ◽  
Vol 2 (1) ◽  
Author(s):  
Ms. Neha Nainwal
Keyword(s):  
Tax Evasion ◽  
Structural Changes ◽  
Tax Structure ◽  
Tax Reforms ◽  
Public Authorities ◽  
Tax System ◽  
Direct Taxation ◽  
Excise Duty ◽  
Goods And Services ◽  
Indirect Taxes

<bold>Main findings of the book</bold> The Indian tax system has undergone major structural changes since Independence in 1947. It has become comprehensive and complicated over the years. It has successfully mobilised resources to finance developmental, welfare and administrative activities of public authorities. Besides being the main source of revenue, both for the Central and State Governments, it is an effective instrument to realise various socio-economic objectives of national policies. However, the tax system has been relying heavily on indirect taxes and suffering extensively from fiscal malady called tax evasion. Restructuring of the tax system has constituted a major component of fiscal reforms initiated since 1991. The main focus of the tax reforms has been on simplification and rationalization of both direct and indirect taxes with the objective of augmenting revenues and removing anomalies in the tax structure. Tax reforms in recent years have brought the tax system much closer to international tax practices. Tax reforms are a part of the package to liberalise and globalise the Indian economy. The post-1991 period has witnessed a sharp decline in the rates of income tax, excise duty and customs tariff. The theory that high rates of duty lead to higher revenue collection has been discarded in favour of lower rates with fewer exemptions and concessions. The strategy in respect of direct taxation is to minimise distortions in tax structure by expanding the tax base and moderating tax rates on the one hand and improving the efficiency of tax administration and increasing the deterrence level on the other, so as to encourage voluntary compliance. The strategy in respect of indirect taxes is to move towards a fully integrated goods and services tax (GST).

scholarly journals Impact of Goods and Service Tax (GST) on Business and Tax Reforms in India

2017 ◽  
Vol 4 (1) ◽  
pp. 15-22
Author(s):  
Lavisha Verma
Keyword(s):  
Tax Reform ◽  
Research Paper ◽  
State Governments ◽  
Tax Reforms ◽  
Tax System ◽  
Dual Structure ◽  
High Compliance ◽  
Goods And Services ◽  
Finance Minister ◽  
Indirect Taxes

Goods and Services Tax (GST) comes under Indirect Tax regime covers whole of  India replaced  various indirect taxes levied by the Central and state governments. The GST is governed by GST Council and its Chairman is Union Finance Minister of India “GST is not a tax reform in true sense, but it is a major business reform which will change the way business activities are carried in the country. The dual structure of GST is the fundamental character of our country and therefore a single GST across the country is not possible in true sense under GST ,the taxpayer will be ease the burden  of taxpayers to deal with multiple indirect taxes as under present Indirect system but GST will cost high compliance burden on the taxpayers requiring a registration in every state from where taxable activities are carried out  but it would definitely reduced cumbersome documentation and save time. This research Paper discuss about the biggest step taken in indirect tax system that is GST and challenges in implementation. The paper aims to show that GST is a merely a Business reform, not a uniform tax system.

Sign in / Sign up

Export Citation Format

Share Document