Research paper on service tax

Research paper on service tax

Research On an Impact of Goods and Service Tax (GST) on Indian Economy. G. Vijaya Bhaskar. PGT Economics, Telangana State Model School, Nidmanoor, Nalgonda, Telangana, India. GST otherwise called the Goods and Services Tax is. structure intended to. help and improve the financial development of a. nation Jun 02,  · This paper discusses the results of SOI’s first audit study of Federal estate tax returns. For filing year , IRS estate tax attorneys examined percent of the return population, and net estate tax liability increased by percent as a result of audits. Issued 3/ SOI Tax Stats - Estate Tax Goods and Services Tax (GST) is an other such undertaking that is expected to provide the much needed stimulant for economic growth in India by transforming the existing base of indirect taxation towards the free flow of goods and services. This research paper uses

SOI Tax Stats - Estate Tax Research Papers | Internal Revenue Service

To browse Academia. edu and the wider internet faster and more securely, please take a few seconds to upgrade your browser. Skip to main content. edu no longer supports Internet Explorer. Log In Sign Up. Download Free PDF. TJPRC Publication. JERIN GEORGE. Download PDF. Download Full PDF Package This paper. A short summary of this paper. READ PAPER. GOODS AND SERVICE TAX GST ON THE RETAILERS WITH SPECIAL REFERENCE TO KERALA.

GOODS AND SERVICE TAX GST ON THE RETAILERS WITH SPECIAL REFERENCE TO KERALA ASHA LAKSHMI. These variables include readiness for implementation, believe in GST as a beneficial system awareness of policies and procedures in connection with the new tax regime etc.

The study concluded that authorizes initiative on conducting awareness programs and return filing will make this new initiative a triumph. Globally, the GST has been structured as a destination based comprehensive tax levied at a specified rate on the sale and consumption of goods and services within a country. It does away with the present system of origin base tax and, users in a one tax regime for the entire country.

This most significant tax reforms, post-independence is a boon for the nation and will pave way for a reduction in tax evasion and increases accountability and efficiency in tax administration. It is also a business reform in India and will lead to for reaching changes in the way businesses are structured, research paper on service tax. Introduction of the Value Added Tax VAT at the Central and the State level has been considered to be a major step — an important step forward —in the globe of indirect tax reforms in India.

If the VAT is a major improvement over the pre-existing Central excise duty at the national level and the sales tax system at the State level, then the Goods and Services Tax GST will indeed be an additional important perfection — the next logical step — towards a widespread indirect tax reform in the country. Initially, it was conceptualized that there would be a national level goods and services tax, however, with the release of First Discussion Paper by the Empowered Committee of the State Finance Ministers on Almost countries have introduced GST research paper on service tax some form.

org editor tjprc. The basic idea of this bill is to create a single, cooperative and an undivided Indian market to make the economy stronger and powerful, research paper on service tax. This can be achieved only by ensuring public knowledge about the bill.

This study focuses on understanding the impact of GST on retailers and customers and suggests them to prepare for the new taxation paradigm. The scope of the study is to know the impact of GST on retailers. The result of this study is to understand the various issues and dilemmas of retailers research paper on service tax implementation of GST and make effective measures to solve it.

The sample chosen contains respondents and using convenient sample method. The sampling technique used for the study is a convenient sampling technique.

Tools of analysis used for this study is statistical tools like Correlation and ANNOVA. The literature review is also used as a source of information. On December 19, research paper on service tax,the nd CAB was tabled in Parliament for the introduction of Goods and Services Tax GST research paper on service tax allowed a parallel levy of indirect taxes on the supply of goods or services or both by the Centre and State Governments including Union Territories. It introduced a dual taxation system subsuming the various indirect taxes levied then Exhibit 1.

Thus, all the supply of goods or services or both would attract Centre level Goods and Research paper on service tax Tax CGST; to be levied research paper on service tax the Centre and State level Goods and Service Tax SGST; to be levied by State unless kept out of the purview of GST. As GST would be applicable to 'supply', the erstwhile taxable events such as 'manufacture', 'sale' and 'provision of services' would lose their relevance.

Impact Factor JCC : 7. The EC was formed on July 17, with FMs of seven states as its members with the objective to monitor the smooth implementation of the then proposed Value Added Tax VAT across the country. Increase or decrease in the level of awareness on the GST is causing a variation in the retailers belief on its potential to change price, especially there is a general concern of respondents who are least aware of the GST, that it will leads to high price.

Table 2: Showing One Way ANNOVA on Readiness for Implementation by the GST Effect on Different Category of Retailers Based on Revenue ANNOVA Sum of Mean Df F Sig. Squares Square Between Groups There is statistically significant difference exist between mean values of research paper on service tax for implementation for different category of retailers based on their revenue.

The retailers with revenue more than 50lakhs have already implemented the system as per rules and regulations. Those especially with revenue between 25 to 50 lakhs hesitate due to the tax havens or evasions they have enjoyed earlier. Table 4: Correlation between High Price and Readiness for Implementation Correlations High Readiness for Price Implementation Pearson Correlation 1.

There is no significant relationship exist between readiness of retailers to implement GST based return submission and the effect of the GST on price. In the discussion many of the retailers point out the it is the unawareness of process formalities they are facing a research paper on service tax in the GST submission and not of high price Table 5: Correlation between Implementation and Effect on Consumer Behaviour Correlations Readiness for Effect on Consumer Implementation Behavior Pearson Correlation 1.

It is less than 0. There is may be significant relationship exist between effect of GST on consumer behavior and readiness for its implementation. The retailers who viewed GST as a beneficial system, research paper on service tax, which facilitate production and supply of goods and services, have already implemented the system and also filing as per GST guidelines and vice versa.

The significance value is less than 0. Between Groups 1. There may not be any statistical difference exist between mean values of readiness for implementation by different levels of awareness on GST.

Besides this, retailers with even more awareness also implemented the system due to government regulation as per their revenue line. Retailers with less awareness but of more revenue eg, research paper on service tax. Implementation of GST in the best possible with less administrative difficulties and timely input tax credit would surely make this an acceptable system of taxation in the economy.

Here respondents are taken in to concern from various districts of Kerala. The study helps to understand more about GST and various aspects related to GST in best and possible manner. Even after months passed its implementation, retailers do not have adequate knowledge about GST procedures and return filing it is necessary to take obligatory steps by authorities that spectacle the significance of GST and its filing. cms 2. html 3. Retrieved Related Papers. SELF ESTEEM A STUDY OF. ICCMCT Final Proceedings [].

By Dr. Virender Kaushal. GST and the Paradigm Shift: Research paper on service tax Peripheral View. By Priyakrushna Mohanty. By Vasantha Kumar. Chief-In -Editor. Abraham Abebe. JIM QUEST Journal By Olowa OlatomideNazli Watalishibani Mishraand Sukhmani - School of Business Studies. Download pdf. Log In with Facebook Log In with Google Sign Up with Apple.

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Introduction to Tax Research

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Research On an Impact of Goods and Service Tax (GST) on Indian Economy

Every year Indian tax authority changes the laws and rates of the overall tax system. But the traditional tax system is becomes a burden that the customers needed to pay all the indirect taxes relating to particular product and service. The new tax reforms that GSTsubsumes all the taxes under one umbrella. In April 1st India has introducedGST Goods and Services Tax (GST) is an other such undertaking that is expected to provide the much needed stimulant for economic growth in India by transforming the existing base of indirect taxation towards the free flow of goods and services. This research paper uses • Kumar, Raj. “Comparison between Goods and Services Tax and Current Taxation System A Brief Study.” International Journal of Allied Practice, Research and Review III, no. IV (): • Dani S () A Research Paper on an Impact of Goods and Service Tax (GST) on Indian Economy. Bus Eco J 7: doi: /