Online Management of the Goods and Services Tax

2018 ◽  
pp. 142-157
Author(s):  
Manish Gupta ◽  
Tara Chand Gupta
Keyword(s):  
Tax Reform ◽  
Indian Government ◽  
Online System ◽  
Goods And Services ◽  
Different Types ◽  
Online Management ◽  
The Government ◽  
The One ◽  
Common Platform

This chapter is about goods and services tax (GST), the tax reform by the Government of India. GST seeks to bridge the gaps between different types of taxes and provide a common platform under the “one India one tax” initiative of the Indian government. The objective of this chapter is not only to understand it but also to comprehend the challenges the various stakeholders of GST would face. Moreover, this chapter discusses the key benefits to its stakeholders. The online system of GST has also been covered in detail.

A Study on Consumers’ Awareness on Goods and Services Tax

2018 ◽  
Vol 6 (11) ◽  
pp. 30
Author(s):  
A. Hilary Joseph ◽  
D. Kanakavalli
Keyword(s):  
Tax Reform ◽  
Subsequent Stage ◽  
State Governments ◽  
Value Addition ◽  
Goods And Services ◽  
Late Night ◽  
Single Tax ◽  
Doing Business ◽  
Ease Of Doing Business ◽  
The One

The Goods and Services Tax (GST) -- India's biggest tax reform since independence formally launched in Parliament by Prime Minister Narendra Modi and President Pranab Mukherjee came into force after 17 tumultuous years of debate, unifying more than a dozen central and state levies.  The new tax regime was ushered at the late night of 30th June and came into force on 1st July 2017.  The one national GST unifies the country's USD 2 trillion economy and 1.3 billion people into a common market.  As commented by Mr.Modi, GST is not just tax reform but its economic reform. GST is a way forward in the ease of doing business.  In the language of law, it is called the goods and services tax, but the benefit of GST is really a Good and Simple Tax. Good because multiple taxes will be removed. Simple because it requires just one form and is easy to use.  GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer.  Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage. The final consumer will thus bear only the GST charged by the last dealer in the supply chain, with set-off benefits at all the previous stages.  It renders numerous benefits to different parties such as business and industry, central and state governments and the ultimate consumers.  An effort is made to understand the consumers’ awareness on Goods and Services Tax. Everything that is introduced will attract agitation and unrest among different group of people and they can easily be overcome by designing programmes to clarify the objections of renowned economists.  GST will sure to have success when the confidence of every individual Indian citizens have obtained.

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 Goods and Services Tax(GST): Biggest Tax Reform In Independent India

2017 ◽  
Vol 5 (01) ◽  
Author(s):  
Preeti Pant
Keyword(s):  
Present Article ◽  
Fiscal Federalism ◽  
Tax Reform ◽  
State Level ◽  
Federal System ◽  
Tax Structure ◽  
Indian Government ◽  
Goods And Services ◽  
Cooperative Federalism ◽  
Sincere Effort

After a marathon debate on Goods and Services Tax (GST) bill finally India witnessed the biggest tax reform after her independence. At the midnight of 30th June, 2017 GST was launched and legally enforced by the Indian Government. It is the biggest tax reform in independent India in last 70 years and will help to modernise Asia’s third largest economy. GST is passed to imply the principle of “One Nation One Tax”. GST has oriented the Indian federal system from fiscal federalism to cooperative federalism. It is replacing the multiple layers of complex taxation currently existing in India and expected to result in simplification of indirect tax structure (at both Centre and State level). Present article includes several aspects of GST. A sincere effort has been made to highlight the implications of GST for government, industries and consumers along with its probable effects on the economy. Besides, practical difficulties related to GST have also been discussed in brief.

scholarly journals Tax Reform: Is it Welfare-Enhancing or Welfare-Reducing?

2021 ◽  
Vol 21 (3) ◽  
pp. 1101-1112
Author(s):  
Roshaiza Taha ◽  
Norsiah Ahmad ◽  
Wan Anisah Endut ◽  
Saeed Rabea Ali Baatwah
Keyword(s):  
Tax Reform ◽  
Consumer Welfare ◽  
Price Effect ◽  
Policy Changes ◽  
The Public ◽  
Goods And Services ◽  
Negative Effect ◽  
The Government ◽  
The Impact ◽  
Shed Light

The ongoing tax reform in Malaysia has triggered our motivation to understand the effect of such reform on the public since the government has continuously emphasised that the changes would not burden the consumer. Whether this is a myth or reality is deemed interesting to ponder upon. Thus, this study aims to provide evidence concerning Malaysian tax reform on consumer welfare by looking at the price effect, consumer burden, and inflation. Price observations of the pre-, during and post-reformation period were conducted to provide meaningful evidence. Interestingly, the outcome of the observation rules out the public accusation that the tax reform would boost the price of goods and services and further result in a welfarereducing event. Also, a review of the recent statistics on poverty incidence does not show a negative effect of tax policy changes on society’s welfare. It is hoped that the discussion provided in this paper will shed light on the impact of tax reformation in Malaysia, albeit a further thorough examination might be required. 

scholarly journals GST: A Tax Reform for Sustainability of Indian Handicrafts

2019 ◽  
Vol 7 (1) ◽  
pp. 354-359
Author(s):  
Kritika Tekwani ◽  
Rinku Raghuvanshi
Keyword(s):  
Sustainable Development ◽  
Tax Reform ◽  
Value Added ◽  
Secondary Data ◽  
Published Data ◽  
Tax System ◽  
The Sustainable Development ◽  
Goods And Services ◽  
The Government

Purpose of the study: Taxation is one of a tool, which helps the Government for the achievement of the goal of sustainable development for every sector including handicraft. The objectives of this study are to know about Goods and Services Tax & its inferences on sustainable development of Indian handicrafts and to identify the role of GST as tax reform in the sustainable development of handicrafts sector in India. The Indian handicraft is economically important and it has more potential for exports. This sector places a major role in the Indian economy. Methodology:  The Descriptive method of research has been used to gather information about the existing conditions of GST and Handicraft sector of India. This study is based on secondary data. The data has been taken from different journals, books, magazines, websites, and published data from government institutions. This study is explanatory in nature. The collected data from different sources has been reviewed and data relevant to the handicraft sector further analyzed. The researcher concluded that how GST is helping Indian handicraft sector for sustainable development. Main Findings: GST brought transparency in the tax system and it also eliminated the multiple taxes, which ultimately increases the final prices. This study revealed that GST would make Indian handicrafts more competitive in the domestic and foreign markets. GST is fiscal tax reform which helps in the sustainable development of Indian handicrafts. This research study found that the handicraft sector of India became more organized, centralized, and regulated after the implementation of Goods and Services Tax. The implication of the study: GST implemented on July 01, 2017 with the aim of simplification of the tax system, fiscal structure, United Indian Market, and sustainable development in India. It is a comprehensive value-added tax which merged different taxes including VAT, service tax, surcharges, CST, etc. This study can be useful for future researchers, traders, and exporters to know the implication of GST in the handicraft sector. Traders and exporters can get knowledge about the GST, tax rates, and exports under LUT/ bond. This study may be benefited to the Government for further development in GST as per the findings of this study. Novelty/Originality of this study: GST is new tax reform in India, only a few studies have been done on it. As per the researcher ’ s best knowledge few studies have been carried out on GST and handicraft sector, but none of the study is carried out on this topic. This study highlights the unrevealed facts and figures about the role of GST in the sustainable development of the handicraft sector.

scholarly journals Authorities and Society vs. Financial Crime in the Gomułka Period in Poland

2016 ◽  
Vol 34 (1) ◽  
pp. 63-84
Author(s):  
Dariusz Jarosz
Keyword(s):  
Capital Punishment ◽  
Justice System ◽  
Death Sentence ◽  
Financial Crime ◽  
Clear Cut ◽  
Goods And Services ◽  
Financial Crimes ◽  
The Government ◽  
Severe Punishment ◽  
The One

Abstract The pivotal motive behind financial crime in the real socialist states was the chronic shortage of goods and services. In the case of Poland under the Gomułka administration (1956-1970), a factor which contributed to the prevalence of practices considered economically criminal was, ironically, the liberalization of the government in the period following Władysław Gomułka’s rise to power. The procedure of issuing new licenses to private and co-operative manufacturing businesses fostered illegal practices, because the new businesses needed supplies of deficit resources. Private trade businesses struggled with similar problems. The authorities tried to prevent financial crime by concentrating on publishing new laws which allowed heavy punishment for those behind the biggest economic scandals. In this field, the penal policy was shaped by the top authorities of the communist party, and their decisions were binding for the institutions of the justice system. Such decisions of the top authorities of the Polish United Workers’ Party (PUWP) were behind the death sentence for Stanisław Wawrzecki, who was charged with fraudulence in meat trade in Warsaw. Poles’ attitude towards financial crime was not clear-cut. One the one hand, in their letters to authorities, many Poles expressed their support for severe punishment for those responsible for the biggest fraud, while others objected towards capital punishment for Wawrzecki. The information we have on the dynamics of confirmed financial crimes does not provide a clear answer whether it was actually related to the severity of the punishments.

KARTEL PENETAPAN HARGA DAGING SAPI DALAM PERSPEKTIF HUKUM PERSAINGAN USAHA

2019 ◽  
Vol 25 (1) ◽  
pp. 56
Author(s):  
Ade Darmawan Basri
Keyword(s):  
Legal Research ◽  
Conceptual Approach ◽  
Goods And Services ◽  
Control Production ◽  
The Government ◽  
The Many ◽  
The One ◽  
The Impact ◽  
Case Number

AbstractThis study discusses the Cartel in beef pricing, because of the proliferation of malpractice who seek profits by making agreements to control production and or services that result in other business actors not being able to enter into the same business competition for goods and services and the many losses they cause. This research is a normative legal research, and uses various approaches to problems, namely by using statue approach, conceptual approach, and case approach. The results showed that the case Number 10 / KPPU-I / 2015 showed that import companies had made an agreement to hold the supply of cattle, whereas the one who gave the policy was the government which cut cattle imports from 200,000 birds per 2015 to 50,000 heads, while in In 2015 the government estimated that the needs of cows up to 4 million, namely 20% or 750,000 were supplied through imports, so the impact was the reduction of cattle imports by 150,000, the implication being that the supply decreases causing a surge in prices.AbstrakPenelitian ini membahas tentang Kartel dalam penetapan harga daging sapi, karena maraknya malpraktek yang mencari keuntungan dengan membuat perjanjian untuk menguasai produksi dan atau jasa yang mengakibatkan pelaku usaha lain tidak dapat masuk kedalam persaingan usaha barang dan jasa yang sama serta banyaknya kerugian yang diakibatkannya. Penelitian ini merupakan penelitian hukum normatif, serta menggunakan berbagai pendekatan masalah yaitu dengan menggunakan statue approach, conceptual approach, dan case approach. Hasil penelitian menunjukkan bahwa, perkara Nomor 10/KPPU-I/2015 menunjukkan bahwa perusahaan impor telah melakukan perjanjian untuk menahan pasokan sapi, padahal yang memberikan kebijakan tidak lain adalah pemerintah yang memangkas impor sapi dari 200.000 ekor per tahun 2015 menjadi 50.000 ekor, sedangkan pada tahun 2015 pemerintah memperkirakan kebutuhan sapi sampai 4 juta ekor yakni 20% atau 750.000 dipasok lewat impor, maka dampaknya yaitu pengurangan impor sapi sebanyak 150.000 ekor, implikasinya adalah berkurangnya pasokan yang menyebabkan lonjakan harga naik.

scholarly journals Per Capita Availability of Food Grains and Pressurized Agriculture Economy in the Reform Period in India

2017 ◽  
Vol 9 (2) ◽  
pp. 55 ◽  
Author(s):  
Sandipan R. Gavhale
Keyword(s):  
Large Scale ◽  
Agricultural Sector ◽  
Food Distribution ◽  
Indian Government ◽  
Food Grains ◽  
Reform Period ◽  
The Usa ◽  
Per Capita ◽  
The Government ◽  
The One

<p>The purpose of this study was to analyze per capita availability of foodgrains and agriculture system of India. The  agriculture is the backbone of our country, but recently the growth of Indian economy the share of agriculture in GDP has declined over the years and even today’s productivity of some agricultural products are declining in high extent, if compared with like the USA and China and other countries,as well,the present paper is a new attempt to focus on the dichotomy of excess foodgrain production and large-scale subsidized food distribution on the one hand, and huge wastage and millions of hungry families on the other. As well as, it clearly focuses on the issues that Indian government has not given adequate attention to the storage and transportation of foodgrains during the last three decades or so. At this point, the government is caught between huge foodgrain stocks and the states inability to absorb them. India’s agricultural sector is surprisingly fragmented when compared with other countries.</p>

The Effectiveness of Electronic Dictionaries as a Tool for Translators

Babel ◽  
1997 ◽  
Vol 43 (2) ◽  
pp. 151-165
Author(s):  
Ngan Yuen Wan ◽  
Judy Wai Ping Kong
Keyword(s):  
Hong Kong ◽  
Goods And Services ◽  
Different Types ◽  
Statutory Body ◽  
The Government

Abstract In view of the growing popularity of electronic dictionaries, the Consumer Council of Hong Kong, a statutory body financed by annual subvention from the Government of Hong Kong to protect and promote the interests of the consumers of goods and services, conducted a survey to evaluate the effectiveness of the various functions of 15 models of electronic dictionaries available in 1994. The authors, who served as consultants in all language-related aspects of this survey, will evaluate the usefulness of these dictionaries to translators on the basis of the survey findings. Their vocabulary database in the realms of difficult, modern, and scientific and technical words as well as phrases will be explored in that lists of words and phrases are meticulously compiled before the words and phrases are checked in the dictionaries. Moreover, as two electronic dictionaries claim that they could translate English sentences into Chinese, different types of sentences are tested to see whether or not they are able to produce satisfactory translations. Résumé Au vu de la popularité croissante des dictionnaires électroniques, le Conseil des consommateurs de Hong Kong, une institution officielle bénéficiant d'une subvention annuelle accordée par le gouvernement de Hong Kong pour défendre et promouvoir les intérêts des consommateurs de biens et de services, a organisé un sondage d'opinion en vue d'évaluer l'efficacité des différentes fonctions de 15 modèles de dictionnaires électroniques disponibles en 1994. Sur la base des résultats de l'enquête, les auteurs de l'article, qui ont fait office de conseillers pour les aspects linguistiques de l'enquête, évalueront l'utilité de ces dictionnaires pour les traducteurs. Les bases de données lexicologiques seront étudiées sous l'angle des mots difficiles, modernes, scientifiques et techniques par une compilation méticuleuse de listes de mots et de phrases avant que ces mots et phrases ne soient cherchés dans les dictionnaires. De plus, étant donné que deux dictionnaires électroniques prétendent être capables de traduire des phrases anglaises en chinois, différents types de phrases seront testées en vue de vérifier dans quelle mesure elles débouchent ou non sur des traductions acceptables.

scholarly journals CHALLENGES AND PROSPECTS OF CONSUMER PROTECTION IN THE CONTEXT OF GLOBALIZATION AND FINANCIAL CRISES - THE CASE OF PALESTINE

2020 ◽  
Vol 8 (9) ◽  
pp. 887-893
Author(s):  
Yaser Shaheen ◽  
Keyword(s):  
Consumer Protection ◽  
Consumer Market ◽  
Goods And Services ◽  
Consumer Rights ◽  
The Government ◽  
The One ◽  
Questionnaire Method ◽  
The Right ◽  
Role Of The Government

This study aims at clarifying the concept and dimensions of consumer rights, and at diagnosing the reality of consumer rights represented in the (right to choose, right to safety, right to be heard and right to be informed). The descriptive approach was the one used for the purpose of this study. The current study was conducted on consumers of some basic goods and services. A facilitated sample consisting of (100) people was used. The blank questionnaire method was used to obtain the primary data.The results show that there is an increase in the frequency of consumer rights violations in light of globalization and the repercussions of the financial crisis due to the Corona virus crisis. It was found that the consumer rights watchdogs knowledge of global consumer rights regulations was very limited, and that their ability to know and meet consumer rights is weak. There are few contributions by researchers in addressing the importance of consumer rights in the Palestinian reality. In addition, there is a retreat in the provision of safety and protection requirements in some of the products offered in the Palestinian consumer market. The role of the government and regulatory authorities such as consumer protection and the Ministry of Economy in providing information of interest and providing protection Sustainable for consumers is weak as well.

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