From Inception to Implementation

2018 ◽  
pp. 123-141 ◽  
Author(s):  
Garima
Keyword(s):  
Paradigm Shift ◽  
Common Market ◽  
The Other ◽  
Market Place ◽  
Indirect Taxation ◽  
Goods And Services ◽  
Indirect Taxes ◽  
Taxation System

Goods and service tax (GST) is a partially centralized and unified indirect taxation system on goods and services, which will sculpt India as a one common market place. GST on one side is being regarded as a paradigm shift in Indian taxation system, as it will comprehend all the indirect taxes levied on manufacturing, sale, and consumption of goods and services across pan India while on the other side there is lot of commotion over its implementation as it is generally perceived that it will bring no benefit for the country as a whole and rather will create more ambiguity cross state and center. Taking cognizance of the shift in the Indian taxation structure and emergence of the GST, the present chapter addresses this dilemma and contradictions by commenting on the various aspects and impacts of GST, specifically on the Indian e-commerce industry.

scholarly journals Indirect Taxation of Events Beyond the Control of the Taxpayer in Crucial Tax and Customs Judgements of the Court of Justice

2021 ◽  
Vol 27 ◽  
pp. 297-312
Author(s):  
Krzysztof Lasiński-Sulecki
Keyword(s):  
European Union ◽  
Economic Burden ◽  
The European Union ◽  
Indirect Taxation ◽  
European Union Law ◽  
Scientific Question ◽  
Goods And Services ◽  
Court Of Justice ◽  
Indirect Taxes ◽  
Excise Duties

Indirect taxes are shaped in such a way that the final customers bear their economic burden.  The scope of taxation is usually delineated to cover all goods (and services) reaching the afore-mentioned final consumers. One may assume that the aim of a lawmaker is that goods (or services) supplied to the consumers should not remain untaxed. However, the intensity of pursuing this aim differs between VAT, excise duties, and customs duties. A scientific question that the rules outlined above bring about is whether it is acceptable – under the general principles of the European Union law perceived through a number of tax (customs) cases – to impose duties on a person or to deprive a taxpayer of rights owing to tax-relevant facts that have been entirely out of the control of this person or this taxpayer (customs debtor). Although the position of the Court of Justice towards this issue is not homogenous, the author of this article claims that situations that are wholly beyond the scope of control of a diligent person should not affect the tax (customs) situation to the detriment of such a person.

scholarly journals Goods and Services Tax: Issues and Challenges in India

2019 ◽  
Vol 8 (2S10) ◽  
pp. 758-760
Keyword(s):  
Competitive Advantages ◽  
Indian Economy ◽  
Goods And Services ◽  
Indirect Taxes ◽  
Consumption Benefits ◽  
Taxation System

Number of indirect taxes is under one umbrella which simplifies taxation system for service and commodity businesses. GST can convey various advantages to economy as an indirect tax. The paper focuses on advantages to Indian economy, and various problems, issues and challenges in front of GST. These advantages include effect on GDP ratio, competitive advantages, price and consumption benefits and others. Present GST rates, exempted products from GST, issues and challenges are also discussed in this paper in which some problems such as lack of growth, complexity, filing charges, multiple returns are included.

scholarly journals GST A New Tax Reforms in India- Implementing Towards Sustainable Development of the Economy

2011 ◽  
pp. 15-22
Author(s):  
Anil Kumar Bhuyan ◽  
Ranusaya Nayak
Keyword(s):  
Social Protection ◽  
Secondary Data ◽  
Smooth Transition ◽  
Constitutional Amendment ◽  
Indirect Taxation ◽  
Tax Reforms ◽  
Cascading Effect ◽  
Goods And Services ◽  
The Government ◽  
Taxation System

A developing economy like India necessities sufficient resources to finance the developmental activities that are comprehensively and achieves all levels of the society. Presently, the tax structure of Our country is very complex. To overcome these complexities of our taxation system, the government constantly changing the taxation system to rationalize tax administration and generate more revenues for social protection, infrastructure, and several other activities. That's the main reason, the government to implement or move towards the GST is an indicator of our evolved taxation system. After passing of the 101st Constitutional Amendment (GST) Act, the highly-anticipated tax products GST appears to be an actuality in 2017. To ensure a smooth transition, government and all related nodal agencies like Goods and Services Tax Council, GSTN etc., have been regularly making a decision to resolve the problems encountered being at different levels. To simplify the difficulties faced by indirect taxation system and create a common taxation system throughout the nation and decreasing the barriers between states, the dual structure Goods and Service Tax (GST) was passed by parliament. In 6th May 2015 at Lok Sabha and 12th May 2015 at Rajya Sabha passes constitutional amendment bill for GST and in 3rd August 2016 Rajya Sabha passes the constitutional GST bill by a two-thirds majority after more than a year. Now the government of India is committed to replacing the existing indirect taxation system levied on goods and service by both state and center and implemented by GST. It was formally launched by the President of India and Prime Minister of India at a formal function in the Central Hall of Parliament on 1st July 2017. GST will cover all the aspects of the existing indirect tax system like excise duties, customs duties, Local Body Tax (Entry Tax/Octroi), services tax, Sales tax/VAT etc. to reduce their tax burden and help the government in the uniformity, efficiency, and transparency of the taxation system in India and removal of cascading effect of taxation. This system has a uniform rate of tax for all the states. This paper is designed specifically to provide an in-depth knowledge of GST and what challenges the economy faces in implementing the GST at this time in a very practical and streamlined manner. The current study is an exploratory and descriptive research based on secondary data from different sources like GST Act, books, article, magazines etc.

scholarly journals GST and the Paradigm Shift: A Peripheral View

2017 ◽  
Vol 4 (01) ◽  
Author(s):  
Priyakrushna Mohanty ◽  
Anu Chandran
Keyword(s):  
Present Article ◽  
Paradigm Shift ◽  
Tax Reform ◽  
Positive Impact ◽  
Goods And Services ◽  
Indirect Taxes ◽  
Retrospective Nature ◽  
The Republic

The Goods and Services Tax (GST) has been touted as the single biggest tax reform in the Republic of India. The GST Act proposes to replace all the indirect taxes with a single GST. The profound positive impact of the Act has been reflected in many works in literature. However, the Act has also been criticised for its complex and retrospective nature. The current academic papers on GST are mainly focused on the brighter side of it and very few of them have provided an all-encompassing picture of the Act. In this backdrop, the present article attempts to highlight the benefits and concerns related to this Act by taking cues mainly from the write-ups published in the newspapers as well as academic works.

scholarly journals The Consequences of Indirect Taxation on Consumption in Nigeria

2020 ◽  
Vol 6 (4) ◽  
pp. 105
Author(s):  
Cordelia Onyinyechi Omodero
Keyword(s):  
Value Added ◽  
Rank Test ◽  
Economic Activities ◽  
Indirect Taxation ◽  
Goods And Services ◽  
Food Items ◽  
Indirect Taxes ◽  
Causality Tests ◽  
The Government ◽  
Excise Duties

This research tests the consequences of Nigeria’s indirect taxes on consumption. There are two reasons why the government imposes taxes on goods and services in Nigeria. The primary purpose is to produce income for the smooth running of the administration. Another silent reason is to discourage the ingestion of prohibited products and services, and that is through customs and excise duties (CED). This study assesses both Value Added Tax (VAT) and CED to determine their effects on consumption using various econometric tools, such as trend analysis, pairwise Granger causality tests, unrestricted co-integration rank test, least squares technique, and data that cover the period from 2005 to 2019. The results indicate that VAT insignificantly but positively influences consumption, while CED has a considerable auspicious influence on use. This result shows that VAT imposition on merchandises and services is discouraging the absorption of specific foodstuffs and services and allowing the operation of informal economic activities to thrive in Nigeria. However, CED charges do not reduce the use of certain illegal products purposely taxed to discourage their consumption. This study recommends a reduction in the prices of food items and services to enable consumers to increase their patronage, while the products that attract CED but are harmful should be banned entirely. Thus, offenders should be allowed to face the wrath of the law.

scholarly journals INDIRECT TAXATION AND ECONOMIC GROWTH RELATIONSHIP: EMPIRICAL EVIDENCE FROM ASIAN COUNTRIES

2020 ◽  
Vol 3 (01) ◽  
pp. 131-144
Author(s):  
Zia Ur Rehman ◽  
Muhammad Azam Khan ◽  
Muhammad Muhammad Tariq
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Labor Force ◽  
Political Stability ◽  
Capital Formation ◽  
Asian Countries ◽  
Indirect Taxation ◽  
Short Term ◽  
Goods And Services ◽  
Indirect Taxes

The chief aim of the study to explore the consequence of indirect taxes on economic growth in the Asian Countries and used the panel data of 12 (twelve) Asian countries for period of 1996 to 2018 and used PMG techniques to estimate the model. This study found that the gross capital formation, political stability, labor force, inward FDI, human capital and taxes on goods and services have encouraging while domestic credit to private investment have adverse and significant consequence on economic growth in long term. The labor force and taxes on goods and services and political stability have encouraging and noteworthy consequence on economic growth in short term while gross capital formation, human capital, inward FDI, DCP have insignificant short-term consequence on economic growth. The TGS (taxes on goods and services) have encouraging and noteworthy effect on economic growth in Bangladesh, Iran, Nepal, Turkey, Indonesia, Malaysia, Thailand and Bhutan while have harmful and significant effect on economic growth in Pakistan, Sri Lanka, Philippine and Japan. This study concluded that the indirect taxation has encouraging and noteworthy effect on economic growth in the Asia. Moreover, the effect of indirect taxes was very from country to country dues its economic situation. The Political stability (PS) have also noteworthy effect on economic growth. This study recommended that indirect taxes are more helpful to collect the revenue with the presences of political stability.

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.

Epilogue

2018 ◽  
Author(s):  
José van
Keyword(s):  
Paradigm Shift ◽  
Information Age ◽  
The Other ◽  
The European Union ◽  
Checks And Balances ◽  
The Us ◽  
Autocratic Regime ◽  
Digital Strategy ◽  
National Governments ◽  
State Interference

The epilogue sketches a few scenarios on potential geopolitical consequences of the global paradigm shift toward multiple online platform “spheres.” Currently, the neoliberal US-based platform ecosystem dominates. This ecosystem revolves around the promotion of individualism and minimal state interference, leaving checks and balances to the market. On the other end of the ideological spectrum is the Chinese ecosystem, in which the autocratic regime controls the platform ecosystem via regulated censorship of tech corporations. Squeezed between the US and the Chinese models is the European Union, whose member states neither own nor operate any major platforms in either ecosystem. For European democracies to survive in the information age, its cities, national governments, and supranational legislature need to collaborate on a blueprint for a common digital strategy toward markets and public sectors.

Micro- and Nano-instrument Power

2006 ◽  
Vol 973 ◽  
Author(s):  
Vassili Karanassios
Keyword(s):  
Signal Processing ◽  
Chemical Analysis ◽  
Data Acquisition ◽  
Cancer Diagnosis ◽  
Paradigm Shift ◽  
The Other ◽  
Paradigm Shifts ◽  
Comparable Performance ◽  
Wireless Interface ◽  
Capsule Size

ABSTRACTFor the last several years, we have been developing and characterizing “mobile” micro- and nano-instruments for use on-site (e.g., in the field). Although such portable, battery-operated instruments are much smaller that their laboratory-scale counterparts, sometimes they provide comparable performance and they often offer improved capabilities. As such, they are expected to cause a paradigm shift in classical chemical analysis by allowing practioners to “bring the lab (or part of it) to the sample”. Two classes of examples will be used as the means with which to illustrate the power of micro- and nano-instruments. One class involves a “patient” as the sample and an ingestible capsule-size spectrometer used for cancer diagnosis of the gastro intestinal tack as (part of) “the lab”. The other involves the “environment” as the sample and a portable, battery-operated, miniaturized instrument that utilizes a PalmPilot™ with a wireless interface for data acquisition and signal processing as (part of) “the lab”. To discuss how to electrically power such miniaturized instruments, mobile energy issues will be addressed. Particular emphasis will be paid to current or anticipated future applications and to the paradigm shifts that may prove essential in powering the next generation of miniaturized instruments.

Concept and Applications of M-Commerce in India

2021 ◽  
Vol 1 (3) ◽  
pp. 58-60
Author(s):  
Katanakal Sarada ◽  
◽  
Dr. K. Nirmalamma ◽  
◽  
Keyword(s):  
Online Shopping ◽  
Main Idea ◽  
Mobile App ◽  
Smart Phones ◽  
The Internet ◽  
Portable Devices ◽  
Market Place ◽  
Desktop Computer ◽  
Goods And Services ◽  
The People

Mobile commerce is the buying and selling of goods and Services through wireless handled devices such as smart phones and tablets etc. Ecommerce Users to access M-commerce enables online shopping platforms without needing to use & a desktop computer. For example, purchase and sale of products. Online like banking and paying bills. (Virtual market place apps the Amazon mobile App, Android pay, Samsung pay etc...) The main idea behind M. commerce Is to enable various applications and services available on the internet to portable devices (mobiles, laptops, tables etc.) to overcome the constraints of a desktop computer. M commerce aims Serve all information and material needs of the people in a convenient and easy way.

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