NITI BRIEFS is a series of documents created for dissemination of important policy matters. This is the first document in the series. It provides an overview of the National Development Agenda, Fourteenth Finance Commission and the Union Budget 2015-16.
This document provides an overview of public private partnerships (PPPs) in India's infrastructure sector. It discusses the background and need for PPPs to boost infrastructure investment. Several initiatives were taken over the Eleventh and Twelfth Plans to promote PPPs, including setting up institutions to appraise projects, providing viability gap funding, and developing standard documents. While over 280 projects were approved, implementation has faced challenges. PPPs have been most successful in roads but need reviving, with issues like aggressive bidding and delays in land acquisition and clearances needing addressing.
The document summarizes key updates regarding the implementation of the Goods and Services Tax (GST) in India. It outlines that the President has approved the landmark GST bill, paving the way for its implementation planned for April 1, 2017. It also discusses the formation of the GST Council, headed by the Finance Minister, which will determine tax rates and resolve disputes. States must now pass their own GST laws by the deadline to ensure a smooth nationwide rollout of the reform on schedule.
- Goods and Service Tax (GST) is an indirect tax that replaced multiple taxes in India. It was introduced following the passage of the Constitution 122nd Amendment Bill.
- GST is governed by the GST Council chaired by the Union Finance Minister. Goods and services are taxed at rates of 0%, 5%, 12%, 18%, 28% under GST.
- The introduction of GST subsumed many existing taxes levied on goods and services by central and state governments. It is expected to make India a unified common market by improving tax compliance and raising revenue.
The passage discusses the history and implementation of the Goods and Services Tax (GST) in India. It outlines the long journey towards introducing GST, beginning in 2000 when the Vajpayee government proposed it. Key milestones are mentioned, such as the formation of the Empowered Committee of State Finance Ministers in 2003 and the introduction of the Constitution Amendment Bill in 2014. GST was finally launched on July 1, 2017 after years of debate and discussion between the central and state governments. The passage provides background on GST and explains some of its objectives like eliminating cascading taxes and increasing tax compliance.
This presentation provides an overview of the Goods and Services Tax (GST) implemented in India in 2017. It discusses the history of GST reform in India since the 1980s. The key aspects covered include:
- GST replaced existing indirect taxes and is governed by tax rates between 5-28% across four slabs.
- A GST Council comprising central and state finance ministers governs tax rates, rules and regulations.
- GST is composed of Central GST, State GST, and Integrated GST for inter-state transactions.
- The presentation outlines the proposed GST model and rates, and discusses the advantages of GST implementation for India.
The document provides a historical background of the Goods and Services Tax (GST) in India. It details how GST was proposed in 2000 with a committee headed by Asim Dasgupta tasked to design a model for India. The government began implementing Value Added Tax (VAT) in the 2000s and the Kelkar task force in 2003 recommended a comprehensive GST based on VAT. After several discussions and drafts of the constitutional amendment bill, the bill was finally passed by the Rajya Sabha in August 2016 and ratified by the required number of states within 23 days, leading to the President signing it into law on September 8, 2016.
The document discusses the Goods and Services Tax (GST) implemented in India in 2017. It provides background on GST, including its objectives to replace existing indirect taxes and reduce tax cascading. Key aspects covered include the GST components (CGST, SGST, IGST), tax slabs, and the constitution of the GST Council. Challenges of the new system include increased compliance requirements, lack of clarity in some provisions, and the need for businesses to upgrade IT systems. Potential benefits are a simpler, uniform indirect tax structure across India leading to reduced prices and increased tax revenues.
NITI BRIEFS is a series of documents created for dissemination of important policy matters. This is the first document in the series. It provides an overview of the National Development Agenda, Fourteenth Finance Commission and the Union Budget 2015-16.
This document provides an overview of public private partnerships (PPPs) in India's infrastructure sector. It discusses the background and need for PPPs to boost infrastructure investment. Several initiatives were taken over the Eleventh and Twelfth Plans to promote PPPs, including setting up institutions to appraise projects, providing viability gap funding, and developing standard documents. While over 280 projects were approved, implementation has faced challenges. PPPs have been most successful in roads but need reviving, with issues like aggressive bidding and delays in land acquisition and clearances needing addressing.
The document summarizes key updates regarding the implementation of the Goods and Services Tax (GST) in India. It outlines that the President has approved the landmark GST bill, paving the way for its implementation planned for April 1, 2017. It also discusses the formation of the GST Council, headed by the Finance Minister, which will determine tax rates and resolve disputes. States must now pass their own GST laws by the deadline to ensure a smooth nationwide rollout of the reform on schedule.
- Goods and Service Tax (GST) is an indirect tax that replaced multiple taxes in India. It was introduced following the passage of the Constitution 122nd Amendment Bill.
- GST is governed by the GST Council chaired by the Union Finance Minister. Goods and services are taxed at rates of 0%, 5%, 12%, 18%, 28% under GST.
- The introduction of GST subsumed many existing taxes levied on goods and services by central and state governments. It is expected to make India a unified common market by improving tax compliance and raising revenue.
The passage discusses the history and implementation of the Goods and Services Tax (GST) in India. It outlines the long journey towards introducing GST, beginning in 2000 when the Vajpayee government proposed it. Key milestones are mentioned, such as the formation of the Empowered Committee of State Finance Ministers in 2003 and the introduction of the Constitution Amendment Bill in 2014. GST was finally launched on July 1, 2017 after years of debate and discussion between the central and state governments. The passage provides background on GST and explains some of its objectives like eliminating cascading taxes and increasing tax compliance.
This presentation provides an overview of the Goods and Services Tax (GST) implemented in India in 2017. It discusses the history of GST reform in India since the 1980s. The key aspects covered include:
- GST replaced existing indirect taxes and is governed by tax rates between 5-28% across four slabs.
- A GST Council comprising central and state finance ministers governs tax rates, rules and regulations.
- GST is composed of Central GST, State GST, and Integrated GST for inter-state transactions.
- The presentation outlines the proposed GST model and rates, and discusses the advantages of GST implementation for India.
The document provides a historical background of the Goods and Services Tax (GST) in India. It details how GST was proposed in 2000 with a committee headed by Asim Dasgupta tasked to design a model for India. The government began implementing Value Added Tax (VAT) in the 2000s and the Kelkar task force in 2003 recommended a comprehensive GST based on VAT. After several discussions and drafts of the constitutional amendment bill, the bill was finally passed by the Rajya Sabha in August 2016 and ratified by the required number of states within 23 days, leading to the President signing it into law on September 8, 2016.
The document discusses the Goods and Services Tax (GST) implemented in India in 2017. It provides background on GST, including its objectives to replace existing indirect taxes and reduce tax cascading. Key aspects covered include the GST components (CGST, SGST, IGST), tax slabs, and the constitution of the GST Council. Challenges of the new system include increased compliance requirements, lack of clarity in some provisions, and the need for businesses to upgrade IT systems. Potential benefits are a simpler, uniform indirect tax structure across India leading to reduced prices and increased tax revenues.
The document provides a summary of the history of government budgets in India and key details from the 2015 budget introduction. It discusses:
- The origins of government budgets in India and some notable finance ministers who have presented budgets.
- The main elements of a budget including estimates of receipts/expenditures and objectives like allocating resources and economic stability.
- An overview of the 2015 budget introduction focusing on the economic outlook, key reforms, and challenges around areas like agriculture, manufacturing, and fiscal discipline.
Journey of the implementation of gst in indiaAbhi Roy
Prime Minister VP Singh introduced MODVAT (Modified Value Added Tax) in the 1980s, laying the foundation for India's tax system. In the following decades, several finance ministers and advisors suggested implementing GST, including Finance Minister Manmohan Singh introducing service tax, advisor Vijay Kelkar recommending a comprehensive GST, and Finance Minister Pranab Mukherjee announcing the basic GST structure. It took over 30 years of discussion and political negotiations between the central and state governments before GST was finally implemented across India in 2017.
India Tax Insights (October-December 2014)elithomas202
The document summarizes key aspects of implementing an effective Goods and Services Tax (GST) system in India based on lessons from international experience and best practices. It discusses that for GST to be successful, it must have: 1) a comprehensive tax base applying to all goods and services with no exemptions; 2) a moderate single tax rate to simplify compliance; 3) well-thought out "place of supply" rules to appropriately divide the tax base among states; and 4) a robust IT infrastructure in the form of a single GST network platform. Excluding sectors like real estate, petroleum and alcohol from the tax base could undermine the aims of GST by increasing tax cascading and litigation.
This document is a research report on Goods and Services Tax (GST) submitted by Tara Kumari for her MBA program. The report provides an introduction to GST, including its meaning and purpose. It discusses the history and background of GST in India. The report also outlines the different types of categories under the GST rate and analyzes the impact of GST across various sectors. Key aspects of the proposed GST system such as returns, rates, and benefits are examined.
The Good and services tax (GST) is the biggest and substantial indirect tax reform since 1947. The main idea of GST is to replace existing taxes like value-added tax, excise duty, service tax and sales tax. GST as it is known is all set to be a game changer for the Indian economy. India as world’s one of the biggest democratic country follow the federal tax system for levy and collection of various taxes.GST tax system plays a vital role in growth of India.GST cover 12 taxes (Like Vat, Sale tax, CST, KKC etc). GST is one of the most crucial tax reforms in India which has been long pending. It will be levied on manufacture sale and consumption of goods and services. GST is expected to address the cascading effect of the existing tax structure and result in uniting the country economically.
1. The document discusses the key aspects of the introduction and implementation of GST in India, including a brief history and timeline of GST.
2. It outlines the key amendments made to the Constitution of India to facilitate GST, including the insertion of Articles 246A, 269A, and 279A and the establishment of the GST Council.
3. The roles and functions of the GST Council are summarized, including its composition, quorum, and responsibilities to make recommendations on various aspects of GST.
This document is a project report submitted by Shrey Ojha for the degree of B.com (honors) in accounting and finance from the University of Calcutta. The topic of the project report is customers' perception of Goods and Services Tax (GST) in India. The 3-page document includes an introduction to the topic, certificates from the supervisor and student, acknowledgements, table of contents, and initial chapters on the concept and history of taxation and background of GST in India and other countries.
Public Finance is one of the most crucial parts of public administration. Proper financial planning and execution is imperative for the development of the society. In the Indian context, it is Union Finance Ministry that deals with budget formation as well as financial service provisions. Hence, it is necessary to study the working of this ministry along with the operations of offices like CAG and Finance Commission to understand the pillars of Indian administration.
GST is an indirect tax imposed on the supply of goods and services in India. It is levied at multiple stages of production but is meant to be refunded at all stages except to the final consumer. GST has replaced several indirect taxes and is divided into five tax slabs. The GST was launched on July 1, 2017 through a historic midnight session of parliament. However, the opposition parties boycotted the launch due to concerns over the economic impact on lower and middle class Indians.
Preparation and Presentation of budget.pptxletbestrong
Budget is the annual financial statement of a government which lays out fiscal roadmap for the country for the next one year. It is prepared by the ministry of finance in consultation with Niti Aayog and other concerned ministries.Budget is the annual financial statement of a government which lays out fiscal roadmap for the country for the next one year. It is prepared by the ministry of finance in consultation with Niti Aayog and other concerned ministries.The Union Budget of India, referred to as the annual Financial Statement in Article 112 of the Constitution of India, is the annual budget of the Republic of India, presented each year on the last working day of February by the Finance Minister of India in Parliament. The budget has to be passed by the House before it can come into effect on April 1, the start of India's financial year.The origins of the modern Budget can be traced to the Norman period, where two departments dealt with finance the Treasury and the Exchequer. The Treasury received and paid out money on behalf of the monarch. The Exchequer, had a 'lower office' which received money, and an 'upper office', concerned with regulating the Kings accountsThe term budget has been derived from the old French word bougette, which means a leather bag or wallet. The first use of the term 'budget' may date back to 1733 financial statement by Walpole as Prime Minister and Chancellor of the Exchequer. A cartoon of him opening a patent medicine seller's wares was published at the time, as a satirical comment with the caption 'The Budget Opened'. ('Budge' is an old word for a bag or small case). Initially, budget referred solely to the Chancellor’s annual speech on the nations finances. Now, the term is used for an annual financial statement of income and expenditure of a government.
The document discusses India's proposed Goods and Services Tax (GST), which would create a unified indirect tax replacing existing central and state level taxes. It provides a history of GST in India from 2000 when it was first proposed. Constitutional amendments are required for its implementation which has taken 16 years due to various challenges. Key aspects include a dual GST system with CGST and SGST, intended benefits like reducing cascading taxes and creating a national market, and concerns around inflation and IT infrastructure requirements.
The Economic Survey is an annual document presented by the Ministry of Finance to both houses of Parliament during the Budget Session. It reviews India's economic development over the previous year and provides the government's outlook for the short to medium term future. It also summarizes progress on major programs and highlights new policy initiatives. The document presents the government's view on the state of the economy.
GST (Goods and Services Tax) is a single tax that has replaced multiple indirect taxes in India. It aims to create a single, unified Indian market. The document discusses what GST is, the types of taxes subsumed under GST, its history and introduction over time, how the GST Council will function, and the objectives and benefits of GST such as eliminating cascading taxes, increasing tax revenues, and facilitating ease of doing business. Concerns regarding GST implementation relate to its design, operations, and infrastructure requirements.
UNION BUDGET 2013-14
PRESENTED BY:
AATRA - ALI
Components Of Budgets
Components of budget refers to structure of the budget. Two main components of Budget are:
Revenue Budget: It deals with the revenue aspect of the government budget. It explains how revenue is generated or collected by the government and how it is allocated among various expenditure heads. Revenue budget has two parts:
Revenue Receipts
Revenue Expenditures
Capital Budget: it deals with the capital aspect of the government budget and it consists of:
Capital Receipts
Capital Expenditures
REVENUE BUDGET
CAPITAL BUDGET
UNION BUDGET
2013-14
The Finance Minister (FM) “P.Chidambaran” delivered a carefully crafted budget on Thursday, 28th Feb, 2013.
Key topics of budget…
The Finance Minister presents the final Budget, after it is worked on by the Ministry of Finance. The Budget is presented to the Lok Sabha on the last working day of February. It has then to be discussed before coming into effect on April 1st.
THANK YOU
The document provides an overview of Goods and Services Tax (GST) in India, including:
1) It discusses the tax structure in India before and after the implementation of GST, replacing multiple indirect taxes with a single tax at the national level.
2) GST is levied on the supply of goods and services, with taxpayers able to claim input tax credits.
3) The genesis and development of GST in India and globally is outlined, with India establishing a GST Council to make recommendations.
4) The document details the types of GST in India, registration requirements, and benefits and disadvantages of the new system.
The slide contains all about the union budget of republic of india in a single ppt. it is important for exams like UPSC, SSC, STATE PSC , RAILWAY, and many other exams in india.
The document outlines the budget cycle process in Tanzania, including the major phases of formulation, approval, execution, and oversight. It discusses the key stakeholders involved at both the national and local government levels. There are several laws and regulations that govern the budget process. Recent trends have opened the process to greater participation and scrutiny, though challenges remain around priorities, reallocations, and procurement.
This document provides an overview of Goods and Services Tax (GST) in India. It begins by defining tax and the types of taxes imposed by governments, namely direct and indirect taxes. It then discusses the history and need for implementing GST in India, addressing deficiencies in the prior indirect tax regime. The key aspects of GST covered include it being a destination-based consumption tax, the dual GST model adopted in India, classification of goods and services, the four-tier GST rate structure, and exemptions. Registration requirements and benefits are also summarized.
This document provides an overview of Goods and Services Tax (GST) in India, including:
1) GST is a comprehensive indirect tax that will replace existing indirect taxes levied by the central and state governments. It is proposed to be implemented in India from April 2016.
2) GST is based on a value-added tax system and is levied on the supply of goods and services. It aims to create a unified national market by reducing the cascading effect of tax on the cost of goods and services.
3) The introduction of GST has been in discussion in India since 2000. A bill was introduced in parliament in 2014 and passed in 2016. GST will be implemented concurrently by
Providing Ola Financial snapshot along with foundation date and founder name. Mentioning key facts like number of employees, number of drivers, number of cities covered, number of rides in a day, cash burn rate.
Giving a brief intro of Ola team
Till date acquisition and sub-organization done by Ola and detailed rounds of funding (mentioning the date, transaction type, money raised, investors)
Providing detailed info on types of fleets run by Ola mentioning the rates.
Illustrating how ola corporate works.
Goods & Services Tax_Impact on Different Industries Part 5 of 5)Suryansh Dhawan
Goods & Services Tax (Part 5 of ) Covering impact on ten industries: Automobile Industry, Cement Industry, Oil & Gas Industry, Iron & Steel Industry, Telecom Industry, Aviation Industry, Agriculture Industry, Real Estate Industry, Media & Entertainment Industry, Textile Industry.
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Similar to Goods & Service Tax_Journey So Far (Part 2 of 5)
The document provides a summary of the history of government budgets in India and key details from the 2015 budget introduction. It discusses:
- The origins of government budgets in India and some notable finance ministers who have presented budgets.
- The main elements of a budget including estimates of receipts/expenditures and objectives like allocating resources and economic stability.
- An overview of the 2015 budget introduction focusing on the economic outlook, key reforms, and challenges around areas like agriculture, manufacturing, and fiscal discipline.
Journey of the implementation of gst in indiaAbhi Roy
Prime Minister VP Singh introduced MODVAT (Modified Value Added Tax) in the 1980s, laying the foundation for India's tax system. In the following decades, several finance ministers and advisors suggested implementing GST, including Finance Minister Manmohan Singh introducing service tax, advisor Vijay Kelkar recommending a comprehensive GST, and Finance Minister Pranab Mukherjee announcing the basic GST structure. It took over 30 years of discussion and political negotiations between the central and state governments before GST was finally implemented across India in 2017.
India Tax Insights (October-December 2014)elithomas202
The document summarizes key aspects of implementing an effective Goods and Services Tax (GST) system in India based on lessons from international experience and best practices. It discusses that for GST to be successful, it must have: 1) a comprehensive tax base applying to all goods and services with no exemptions; 2) a moderate single tax rate to simplify compliance; 3) well-thought out "place of supply" rules to appropriately divide the tax base among states; and 4) a robust IT infrastructure in the form of a single GST network platform. Excluding sectors like real estate, petroleum and alcohol from the tax base could undermine the aims of GST by increasing tax cascading and litigation.
This document is a research report on Goods and Services Tax (GST) submitted by Tara Kumari for her MBA program. The report provides an introduction to GST, including its meaning and purpose. It discusses the history and background of GST in India. The report also outlines the different types of categories under the GST rate and analyzes the impact of GST across various sectors. Key aspects of the proposed GST system such as returns, rates, and benefits are examined.
The Good and services tax (GST) is the biggest and substantial indirect tax reform since 1947. The main idea of GST is to replace existing taxes like value-added tax, excise duty, service tax and sales tax. GST as it is known is all set to be a game changer for the Indian economy. India as world’s one of the biggest democratic country follow the federal tax system for levy and collection of various taxes.GST tax system plays a vital role in growth of India.GST cover 12 taxes (Like Vat, Sale tax, CST, KKC etc). GST is one of the most crucial tax reforms in India which has been long pending. It will be levied on manufacture sale and consumption of goods and services. GST is expected to address the cascading effect of the existing tax structure and result in uniting the country economically.
1. The document discusses the key aspects of the introduction and implementation of GST in India, including a brief history and timeline of GST.
2. It outlines the key amendments made to the Constitution of India to facilitate GST, including the insertion of Articles 246A, 269A, and 279A and the establishment of the GST Council.
3. The roles and functions of the GST Council are summarized, including its composition, quorum, and responsibilities to make recommendations on various aspects of GST.
This document is a project report submitted by Shrey Ojha for the degree of B.com (honors) in accounting and finance from the University of Calcutta. The topic of the project report is customers' perception of Goods and Services Tax (GST) in India. The 3-page document includes an introduction to the topic, certificates from the supervisor and student, acknowledgements, table of contents, and initial chapters on the concept and history of taxation and background of GST in India and other countries.
Public Finance is one of the most crucial parts of public administration. Proper financial planning and execution is imperative for the development of the society. In the Indian context, it is Union Finance Ministry that deals with budget formation as well as financial service provisions. Hence, it is necessary to study the working of this ministry along with the operations of offices like CAG and Finance Commission to understand the pillars of Indian administration.
GST is an indirect tax imposed on the supply of goods and services in India. It is levied at multiple stages of production but is meant to be refunded at all stages except to the final consumer. GST has replaced several indirect taxes and is divided into five tax slabs. The GST was launched on July 1, 2017 through a historic midnight session of parliament. However, the opposition parties boycotted the launch due to concerns over the economic impact on lower and middle class Indians.
Preparation and Presentation of budget.pptxletbestrong
Budget is the annual financial statement of a government which lays out fiscal roadmap for the country for the next one year. It is prepared by the ministry of finance in consultation with Niti Aayog and other concerned ministries.Budget is the annual financial statement of a government which lays out fiscal roadmap for the country for the next one year. It is prepared by the ministry of finance in consultation with Niti Aayog and other concerned ministries.The Union Budget of India, referred to as the annual Financial Statement in Article 112 of the Constitution of India, is the annual budget of the Republic of India, presented each year on the last working day of February by the Finance Minister of India in Parliament. The budget has to be passed by the House before it can come into effect on April 1, the start of India's financial year.The origins of the modern Budget can be traced to the Norman period, where two departments dealt with finance the Treasury and the Exchequer. The Treasury received and paid out money on behalf of the monarch. The Exchequer, had a 'lower office' which received money, and an 'upper office', concerned with regulating the Kings accountsThe term budget has been derived from the old French word bougette, which means a leather bag or wallet. The first use of the term 'budget' may date back to 1733 financial statement by Walpole as Prime Minister and Chancellor of the Exchequer. A cartoon of him opening a patent medicine seller's wares was published at the time, as a satirical comment with the caption 'The Budget Opened'. ('Budge' is an old word for a bag or small case). Initially, budget referred solely to the Chancellor’s annual speech on the nations finances. Now, the term is used for an annual financial statement of income and expenditure of a government.
The document discusses India's proposed Goods and Services Tax (GST), which would create a unified indirect tax replacing existing central and state level taxes. It provides a history of GST in India from 2000 when it was first proposed. Constitutional amendments are required for its implementation which has taken 16 years due to various challenges. Key aspects include a dual GST system with CGST and SGST, intended benefits like reducing cascading taxes and creating a national market, and concerns around inflation and IT infrastructure requirements.
The Economic Survey is an annual document presented by the Ministry of Finance to both houses of Parliament during the Budget Session. It reviews India's economic development over the previous year and provides the government's outlook for the short to medium term future. It also summarizes progress on major programs and highlights new policy initiatives. The document presents the government's view on the state of the economy.
GST (Goods and Services Tax) is a single tax that has replaced multiple indirect taxes in India. It aims to create a single, unified Indian market. The document discusses what GST is, the types of taxes subsumed under GST, its history and introduction over time, how the GST Council will function, and the objectives and benefits of GST such as eliminating cascading taxes, increasing tax revenues, and facilitating ease of doing business. Concerns regarding GST implementation relate to its design, operations, and infrastructure requirements.
UNION BUDGET 2013-14
PRESENTED BY:
AATRA - ALI
Components Of Budgets
Components of budget refers to structure of the budget. Two main components of Budget are:
Revenue Budget: It deals with the revenue aspect of the government budget. It explains how revenue is generated or collected by the government and how it is allocated among various expenditure heads. Revenue budget has two parts:
Revenue Receipts
Revenue Expenditures
Capital Budget: it deals with the capital aspect of the government budget and it consists of:
Capital Receipts
Capital Expenditures
REVENUE BUDGET
CAPITAL BUDGET
UNION BUDGET
2013-14
The Finance Minister (FM) “P.Chidambaran” delivered a carefully crafted budget on Thursday, 28th Feb, 2013.
Key topics of budget…
The Finance Minister presents the final Budget, after it is worked on by the Ministry of Finance. The Budget is presented to the Lok Sabha on the last working day of February. It has then to be discussed before coming into effect on April 1st.
THANK YOU
The document provides an overview of Goods and Services Tax (GST) in India, including:
1) It discusses the tax structure in India before and after the implementation of GST, replacing multiple indirect taxes with a single tax at the national level.
2) GST is levied on the supply of goods and services, with taxpayers able to claim input tax credits.
3) The genesis and development of GST in India and globally is outlined, with India establishing a GST Council to make recommendations.
4) The document details the types of GST in India, registration requirements, and benefits and disadvantages of the new system.
The slide contains all about the union budget of republic of india in a single ppt. it is important for exams like UPSC, SSC, STATE PSC , RAILWAY, and many other exams in india.
The document outlines the budget cycle process in Tanzania, including the major phases of formulation, approval, execution, and oversight. It discusses the key stakeholders involved at both the national and local government levels. There are several laws and regulations that govern the budget process. Recent trends have opened the process to greater participation and scrutiny, though challenges remain around priorities, reallocations, and procurement.
This document provides an overview of Goods and Services Tax (GST) in India. It begins by defining tax and the types of taxes imposed by governments, namely direct and indirect taxes. It then discusses the history and need for implementing GST in India, addressing deficiencies in the prior indirect tax regime. The key aspects of GST covered include it being a destination-based consumption tax, the dual GST model adopted in India, classification of goods and services, the four-tier GST rate structure, and exemptions. Registration requirements and benefits are also summarized.
This document provides an overview of Goods and Services Tax (GST) in India, including:
1) GST is a comprehensive indirect tax that will replace existing indirect taxes levied by the central and state governments. It is proposed to be implemented in India from April 2016.
2) GST is based on a value-added tax system and is levied on the supply of goods and services. It aims to create a unified national market by reducing the cascading effect of tax on the cost of goods and services.
3) The introduction of GST has been in discussion in India since 2000. A bill was introduced in parliament in 2014 and passed in 2016. GST will be implemented concurrently by
Providing Ola Financial snapshot along with foundation date and founder name. Mentioning key facts like number of employees, number of drivers, number of cities covered, number of rides in a day, cash burn rate.
Giving a brief intro of Ola team
Till date acquisition and sub-organization done by Ola and detailed rounds of funding (mentioning the date, transaction type, money raised, investors)
Providing detailed info on types of fleets run by Ola mentioning the rates.
Illustrating how ola corporate works.
Goods & Services Tax_Impact on Different Industries Part 5 of 5)Suryansh Dhawan
Goods & Services Tax (Part 5 of ) Covering impact on ten industries: Automobile Industry, Cement Industry, Oil & Gas Industry, Iron & Steel Industry, Telecom Industry, Aviation Industry, Agriculture Industry, Real Estate Industry, Media & Entertainment Industry, Textile Industry.
Goods & Services Tax_GST v/s Old Tax Structure (Part 3 of 5)Suryansh Dhawan
This document discusses the key differences between India's old indirect tax structure and the new Goods and Services Tax (GST). It provides an overview of the major central and state indirect taxes that existed previously compared to the three components of GST: Central GST, State GST, and Integrated GST. The document also gives an example showing how total costs are lower for businesses under GST compared to the old system due to fewer cumulative taxes. It outlines the process for businesses to claim input tax credits under GST by providing the necessary documents like GST invoices and filing returns.
Designing slides without using smart art,
Designing slides keeping in mind colour schemes,
Best use of space provided in an each slide,
Presenting graphs with proper labelling and description,
While designing slide keeping in mind alignment of all the figures.
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Blume Ventures is an early-stage investment firm founded in 2010 in Mumbai. It has supported over 70 startups since 2011 across various sectors. Blume Ventures focuses on founding teams with potential and has consistently funded over 20 companies per year. Notable investments include Rail Yatri, Re Globe, IDfy, and Taxi For Sure. Blume Ventures aims to be ahead of emerging trends and has raised $60 million for its second fund to continue supporting early-stage Indian startups.
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Donc Test
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting, 8th Canadian Edition by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Ebook Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Pdf Solution Manual For Financial Accounting 8th Canadian Edition Pdf Download Stuvia Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Financial Accounting 8th Canadian Edition Ebook Download Stuvia Financial Accounting 8th Canadian Edition Pdf Financial Accounting 8th Canadian Edition Pdf Download Stuvia
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
How Does CRISIL Evaluate Lenders in India for Credit RatingsShaheen Kumar
CRISIL evaluates lenders in India by analyzing financial performance, loan portfolio quality, risk management practices, capital adequacy, market position, and adherence to regulatory requirements. This comprehensive assessment ensures a thorough evaluation of creditworthiness and financial strength. Each criterion is meticulously examined to provide credible and reliable ratings.
1. By: Suryansh Dhawan
Cleared CFA Level I (June, 2017)
Sem III, MBA-FA 2016-18
1International College of Financial Planning
From ‘What & How’ to ‘What Now & What Next’
MBA in Financial Analysis
Part 2 of 5
2. GST v/s Old Tax Structure Report Coverage
Journey So Far
Brief Introduction
Impact On Indian Economy
2International College of Financial Planning
01
02
04
04
Impact on Different Industries
05
03
MBA in Financial Analysis
3. GST v/s Old Tax Structure Report Coverage
Journey So Far
Brief Introduction
Impact On Indian Economy
7International College of Financial Planning
01
02
04
04
Impact on Different Industries
05
03
MBA in Financial Analysis
4. International College of Financial Planning 8
2000
•In 2000, the Vajpayee Govt. started discussion on GST by setting up an empowered committee
headed by Asim Dasgupta ( Finance Minister, Govt. of West Bengal).
2002-04
•The Kelkar Task Force on the implementation of Fiscal Responsibility and Budget
Management(FRBM) Act,2003 and suggested an introduction of comprehensive tax i.e. GST .
2006
•A proposal to introduce a national level GST by April1,2010 was first mooted in the Budget
Speech for the financial year 2006-07 .
2007
•May 2007- Empowered Committee of State Ministers, on this request , started working on GST
roadmap and Nov. 2007- The Joint Working Group, submitted its report to the Committee .
2008
• April,2008- Committee finalized the view over GST and submitted report titled " A
Model and Roadmap for Goods and Service Tax in India".
2009
• Nov.2009- First Discussion Paper on GST Released By Empowered Committee.
MBA in Financial Analysis
Journey So Far (1/3)
5. 2014
•The parliamentary elections were held in 2014 and with the dissolution of the 15th Lok Sabha, the GST
Bill - approved by the standing committee for reintroduction - lapsed.
2015
•In February 2015, Jaitley set another deadline of April 1, 2016 to implement GST. In May 2015, the Lok
Sabha passed the Constitution Amendment Bill paving way for GST.
2016
• After the Ruling and Opposition parties held back GST over several issues including those of having a capping
taxation rate and according constitutional status to the GST. Finally in August 2016, the two sides agree to pass
the Amendment Bill.
International College of Financial Planning 9
2010
• Feb 2010-Mentioned in the speech of the then Finance Minister Pranab Mukharjee-GST
to be introduced in April 2011.
2011
• March 2011- The Constitution 115th amendment bill introduced in Lok Sabha for levy of
GST on all goods or services except for the specified goods.
2013
• Aug 2013- Standing Committee submitted its report on GST and Nov 2013- EC rejected
Govt's proposal to include petroleum products.
MBA in Financial Analysis
Journey So Far (2/3)
6. International College of Financial Planning 610MBA in Financial Analysis
•On 1st July, 2017, GST was launched by Honorable Prime Minister Shri Narendra Modi and
Honorable President Pranab Mukharjee at a special session at 12 midnight.2017
Journey So Far (3/3)
7. GST v/s Old Tax Structure Report Coverage
Journey So Far
Brief Introduction
Impact On Indian Economy
11International College of Financial Planning
01
02
04
04
Impact on Different Industries
05
03
MBA in Financial Analysis
shared in subsequent parts