#GS_3
#Environment #Pollution #Taxation
Read about Carbon tax in coal and pros and cons of waiving it.
#Environment #Pollution #Taxation
Read about Carbon tax in coal and pros and cons of waiving it.
#GS_3
#Economy #Taxation
Read about the Direct Tax Vivad se Vishwas Bill, 2020 and its provisions. Important for #Prelims.
✅ #Facts4Mains
5 lakh cases of Tax Disputes are pending in various tribunals.
#Economy #Taxation
Read about the Direct Tax Vivad se Vishwas Bill, 2020 and its provisions. Important for #Prelims.
✅ #Facts4Mains
5 lakh cases of Tax Disputes are pending in various tribunals.
#GS_3
#Economy #Investment_model
#Infrastructure #Taxation
Make a short note about REITs and InvITs. Also read about the recent changes in Dividend Distribution Tax for REITs and InvITs.
#Economy #Investment_model
#Infrastructure #Taxation
Make a short note about REITs and InvITs. Also read about the recent changes in Dividend Distribution Tax for REITs and InvITs.
#GS_3
#Economy #Taxation
Just go through the article.
Note- The article mentioned that taxpayers constitutes hardly 2.5% of the population. It is factually incorrect. Each and every person pays the tax(Indirect Tax). Only 2.5% of the population pay the direct tax. We need to understand the difference between the both.
If any doubt regarding this ask @ @prep4upscbot.
#Economy #Taxation
Just go through the article.
Note- The article mentioned that taxpayers constitutes hardly 2.5% of the population. It is factually incorrect. Each and every person pays the tax(Indirect Tax). Only 2.5% of the population pay the direct tax. We need to understand the difference between the both.
If any doubt regarding this ask @ @prep4upscbot.
#GS_3
#Taxation #GST
Read about GST compensation cess.
✅ #Facts4Prelims
Compensation cess was introduced as relief for States for the loss of revenues arising from the implementation of GST. States, in lieu of giving up their powers to collect taxes on goods and services after local levies were subsumed under the GST, were guaranteed a 14 per cent tax revenue growth in the first five years after GST implementation by the Central government. States’ tax revenue as of FY16 is considered as the base year.
Compensation cess is levied on five products considered to be ‘sin’ or luxury goods. For example, SUV vehicles (more than 4 metres) are charged 50 per cent GST, of which the GST tax rate is 28 per cent and the compensation cess is 22 per cent. The collected compensation cess flows into the Consolidated Fund of India, and then transferred to the Public Account of India, where a GST compensation cess account has been created. States are compensated bi-monthly from the accumulated funds in this account.
#Taxation #GST
Read about GST compensation cess.
✅ #Facts4Prelims
Compensation cess was introduced as relief for States for the loss of revenues arising from the implementation of GST. States, in lieu of giving up their powers to collect taxes on goods and services after local levies were subsumed under the GST, were guaranteed a 14 per cent tax revenue growth in the first five years after GST implementation by the Central government. States’ tax revenue as of FY16 is considered as the base year.
Compensation cess is levied on five products considered to be ‘sin’ or luxury goods. For example, SUV vehicles (more than 4 metres) are charged 50 per cent GST, of which the GST tax rate is 28 per cent and the compensation cess is 22 per cent. The collected compensation cess flows into the Consolidated Fund of India, and then transferred to the Public Account of India, where a GST compensation cess account has been created. States are compensated bi-monthly from the accumulated funds in this account.
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#GS_3
#Economy #Taxation
Read about the Direct Tax Vivad se Vishwas Bill, 2020 and its provisions. Important for #Prelims.
✅ #Facts4Mains
Cases involving over ₹9 lakh crore of direct taxes are pending in various fora.
#Economy #Taxation
Read about the Direct Tax Vivad se Vishwas Bill, 2020 and its provisions. Important for #Prelims.
✅ #Facts4Mains
Cases involving over ₹9 lakh crore of direct taxes are pending in various fora.
#GS_3
#Economy #Taxation
Read the need of accountability and transparency in the Taxation system.
✅ #Facts4Mains
India's tax-to-GDP ratio is approximately 18%.
#Economy #Taxation
Read the need of accountability and transparency in the Taxation system.
✅ #Facts4Mains
India's tax-to-GDP ratio is approximately 18%.
#GS_3
#Economy #Taxation
Read about the Direct Tax Vivad se Vishwas Bill, 2020 and its provisions. Important for #Prelims. Also read the Article 348 of the Constitution.
✅ #Facts4Mains
5 lakh cases of Tax Disputes are pending in various tribunals.
#Economy #Taxation
Read about the Direct Tax Vivad se Vishwas Bill, 2020 and its provisions. Important for #Prelims. Also read the Article 348 of the Constitution.
✅ #Facts4Mains
5 lakh cases of Tax Disputes are pending in various tribunals.
#GS_3
#Taxation #GST
From prelims point of view, you should know the trends of GST collection.
Join @prep4upsc.
#Taxation #GST
From prelims point of view, you should know the trends of GST collection.
Join @prep4upsc.