A SUMMARY OF GOOD AND SERVICES TAX (GST) WHAT IS GST? Good and service tax is a direct tax code to be implemented by the government. It is a comprehensive indirect tax to be levied on manufacture‚ sale and consumption of goods as well as services at a national level. Integration of goods and services taxation would give India a world class tax system and improve tax collections. It would end the long standing distortions of differential taxation treatments of manufacturing and service sector. The
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1930 - tenancy problem‚ SAKDALISTA (Benigno Ramos) 1940 - pedro abad santos ‚ religous and public states 1935 - secuirity of all the people RA No 34 of 1946 - 70 - 30 crops sharing (Manuel Roxas) RA No. 1199‚ Sept. 1954 ‚ Ramon Magsaysay. amended by RA No. 2263 division of crops 1955 - Land Reform enacted RA No. 3844‚ 1963‚ Diosdado Macapagal - Agricultural Land Reform Code. Presidential Decree No. 2‚ September 21‚ 1972‚ Ferdinand Marcos - entire Philippines as land reform area. Presidential
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Summary: Jim O’Connor‚ President and Owner of Le Petit Gourmet‚ received a shocking phone call while vacation in California‚ which informed him that his business is going to shut down indefinitely due to the outbreaks of hepatitis A in his catering facility. Le Petit Gourmet was a family catering business that had been operating in the Denver metro area for more than 30 years. Le Petit employed between 150 and 200 people‚ 75 of whom were full time. Along with Le Petit was perceived as the most
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6 | 8.7 | 8.3 | 8.8 | 9.0 | 9.3 | Non-tax Revenue | 2.1 | 2.0 | 2.1 | 2.2 | 2.3 | 2.2 | 2.2 | Analysis: The ratio of tax revenue to GDP is very low comparing to other developing countries. High-ratio of indirect to direct tax revenue: Most of the tax revenue is from indirect taxes which are clear from the following table (Source: Bangladesh Economic Review-2010). Revenue (TK. In crore) | 2003-04 | 2004-05 | 2005-06 | 2006-07 | 2007-08 | 2008-09 | 2009-10 | Total revenue | 35400 |
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Automobile Industry Hailed as ‘the industry of industries’ by Peter Drucker‚ the founding father of the study of management‚ in 1946‚ the automobile industry had evolved continuously with changing times from craft production in 1890s to mass production in 1910s to lean production techniques in the 1970s. The Asian countries‚ mainly by Japan‚ China and India‚ registered a 9% increase in production over last year‚ constituting 35.9% of the global production. In fact China and India posted positive
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NATIONAL INCOME:- What is National Income? National Income is the sum that is total money value of all the goods and services produced in one accounting year. So when we talk about goods and services we are only talking about the final goods and services and not the semi processed‚ when we take the money value of all the goods and services produced within the domestic boundary on India only and to not other countries. CONCEPTS OF NATIONAL INCOME IN TERMS OF MARKET PRICE:- 1) Gross Domestic
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0341 NCO Exam 1 What are the Marine Corps’ leadership traits? Judgment‚ Justice‚ Decisiveness‚ Integrity‚ Discipline‚ Tact‚ Initiative‚ Enthusiasm‚ Bearing‚ Unselfishness‚ Courage‚ Knowledge‚ Loyalty‚ Endurance 2 What is the purpose of an NCO? To train and supervise subordinate Marines 3 What is the maximum effective range of the M249 SAW? 1‚000 m 4 What is the sustained rate of fire of the M249? 85 rounds per minute 5 What determines a hot barrel for the M249? 200 rounds in 2 minutes 6
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revenue and non-taxrevenue of the centre‚ it is found that the main source ofrevenue of the central government is tax revenue whichremained 70 to 80 per cent of the total revenue receiptsthroughout the study period (Graph 5.4). This is mainly dueto indirect taxes which occupy a dominant place in centralfinances. The table clearly shows that there has been arapid increase in the tax revenue of the central governmentfrom Rs. 6009.77 crore in 1975-76 to Rs. 38403.99 crore in1989-90 which recorded the growth
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PROJECT REPORT ON Macroeconomic impact of implementation of vat in Odisha PREPARED & SUBMITTED BY MR. SAGAR NAYAK U212049 ABSTRACT Value added tax (VAT) is a type of indirect tax that is imposed on goods and services. A question that arises is whether value added tax has been a boon or misery for a developing country like India. Around 136 countries in Asia have recognized the importance of value added tax. In one of the most large scale reforms of the country’s public finances in
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TYPES OF TAXES : Imposition of tax in India is performed basically in two ways – by charging tax directly on income‚ wealth etc. which is known as Direct Tax and by levying tax directly on sales‚ production‚ import‚ export etc. which is known as Indirect Tax. The direct tax which is paid by individual to the Central Government of India is known as Income Tax. It is imposed on our income and plays a vital role in the economic growth & stability of our country. For years the Government is generating
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