Service tax was first introduced on some limited services in 199495 at 7%. There are many similarities between the current day tax system and the kautilyas system of tax administration prevalent more than two thousand years ago. Check economics notes category if you want to read the complete archives. The mekongganga cooperation mgc was established on november. For example, kautilya had specifically laid down the terms for taxation, without any scope for arbitrariness. The fourteenth finance commission of india was a finance commission constituted on 2 january. Upsc prelims 2016 paper analysis gs paper 1 answer key. Introduction of goods and services tax gst will indeed be an important perfection and the next logical step towards a widespread indirect tax reforms in india. For your convenience we have given the pdfs in two volumes. Jan 23, 2016 gk today current affair module compilation at one place. Solved 25 tax questions and answers section with explanation for various online exam preparation, various interviews, logical reasoning category online test. These investors shall be granted 50% exemption in land tax, electricity duty and mandi cess for 7 years and 50% exemption in stamp duty. Page8 of current affairs november, 2015 current affairs.
Must read articles the belowmentioned notes are a mustread for aspirants preparing for various exams. Document image 1 image 2 image 3 image 4 image 5 image. Gktoday s general knowledge quiz section comprises of questions on gk, general awareness in subjects such as indian history, polity, economy, geography, environment etc. Indian economy gktoday material download pdf 5 mb may 17, 2015 august 9, 2015 xaam org.
Must read articles the belowmentioned notes are a mustread for aspirants. Tax questions and answers updated daily general knowledge. We note from the above chart that 1 tax revenue is much higher in comparison to the non tax revenue. You can read, post questions related to current affairs and static gk. Gk, general studies, optional notes for upsc, ias, banking, civil services.
The gst system will combine central excise duty, additional excise duty, services tax, state vat entertainment tax etc. The supreme court, in its order on october 12, had directed for taking environment compensation charge ecc of rs 1,300 from trucks and rs 700 from. In the third week on january 2016 india decided to implement the beps base erosion and profit shifting guidelines. These questions are suitable for ssccgl, nda, cds, state psc exams and upsc. It consists of oecd member countries as well as other jurisdictions that have agreed to implement tax related transparency and information exchange. As a result, corsia will overall result in a greater co2 mitigation in international aviation than any domestic policy for aviation can achieve. The global forum on transparency and exchange of information for tax purposes was founded in 2000 and restructured in september 2009. The root of the farm crisis in india essay, agriculture, polity. In this detailed analysis we are examining the question in such a manner which will be useful for upcoming upsc 2017 civil. Upsc repeats questions in ias prelims from previous year papers 18 repeated in 2018 ias prelims. This input tax credit should first be utilized for payment of cgst and sgst, respectively, and balance is to be used for payment of igst. This is the monthly archive of gktoday s current affairs published on this website. Later, on august 2015 a comprehensive guidance note was released for providing guidance to financial institutions, sectoral regulators as well as income tax. All government schemes very important for exam by gk today.
Nov 10, 2015 union ministry of finance on 6 november 2015 decided to impose 0. Since large portion of population interacts with department on yearly basis hence good governance by itd has improved citizen satisfaction with government functioning. Current affairs today monthly archives current affairs. In a series of sharing useful study material for upcoming banking exams. Section 2 of the value added tax act, 20 is amended by deleting the definition of the expression electronic notice system. Market charges, costs, and taxes vary across states and commodities. Crisp news summaries and articles on current events about tax for ibps, banking. Today we are providing banking awareness handwritten notes in pdf format. Readers can download each of the notes as pdf for free using the printpdf option. Assessing the revenues from different central taxes is the primary.
Hello friends, we have compiled the gk today monthly current affairs in pdf from jan 2016 till month, you can download gk today current affairs in one click from the link given below. Sagar is a term coined by pm modi in 2015 during his mauritius visit with a. The objective of the paper is to track the association between different type of shocks experienced by rural households and corresponding coping strategies opted by them as they are, not only exposed to householdlevel and community level shocks, but also, lack effective risk management strategies which make them vulnerable to get into chronic poverty. Download 2015 yearbook complete gk pdf free day today gk. Home page of central board of indirect taxes and customs. Section of the value added tax act, 20 is amended by deleting subsection 2. Latest current affairs november, 2015 with current affairs, news summary on current events of national and international importance of november, 2015 for banking, ssc, clat, upsc, state pcs, ibps, railways and other competitive examinations. Base erosion and profit shifting refers to tax planning strategies that would exploit the gaps and mismatches in tax rules to artificially shift profits to low or notax locations where there is little or no economic activity, resulting in little or no overall.
Nov 23, 2015 goods and services tax is a comprehensive indirect tax which is to be levied on the manufacture, sale and consumption of goods and services in india. Current affairs november 2017 pdf download for free day. In terms of direct taxes, there was a high degree of progressiveness in 1960s and 1970s that led to adverse effect on tax collection efficiency. Lumpur, malaysia in november 2015 which adopted the asean community. Private owners of workshops paid an industries tax. All you should know about the goods and service tax. Gktoday general knowledge today gk, general studies. Categorywise pdf compilations datewise fortnightly pdf compilations. The service tax rate now is consolidated rate as education cess and secondary higher education cess are subsumed with 2% of swach bharat cess0. Central board of direct taxes current affairs today gktoday. After its implementation, various indirect taxes such as value added tax, central excise duty, entertainment tax, luxury tax, etc were abolished. November 9, 2015 dear readers, we cover some important news in current affairs today section, which are not covered in daily detailed news, more current affairs coverage will help you to score good marks in competitive exam. Rpsc 1st first grade teacher recruitment examination 2016 syllabus, examination pattern, examination date, time table, download first grade syllabus.
Global forum on transparency and exchange of information for tax. Purview exim policy, a synonym to foreign trade policy, is a set of guidelines and instructions established by the government in the sphere of foreign trade i. Nov 30, 2015 latest current affairs november, 2015 with current affairs, news summary on current events of national and international importance of november, 2015 for banking, ssc, clat, upsc, state pcs, ibps, railways and other competitive examinations. In november 2015, the forum had 128 member tax jurisdictions and the european union. Pdf compilation of these updates can be downloaded from this link. It was introduced under the foreign trade policy of india ftp 201520. The gst rate is expected to be around 1416 per cent. Income tax department of government of india is a leader in good governance. How to get gktoday monthly current affairs pdfs without. The 2015 united nations climate change conference, cop 21 or cmp 11 was held in paris, france, from 30 november to 12 december 2015.
Jan 02, 2016 d2g has made a complete 2015 yearbook. Covariate and idiosyncratic shocks and coping strategies. Jan 25, 2016 in the third week on january 2016 india decided to implement the beps base erosion and profit shifting guidelines. Gk today current affairs for tons of free books for competitive. The exports of india have already fallen by 2% for the year april january 201920. November 2016 33 october 2016 76 september 2016 41 august 2016 57 july 2016 49 june 2016 3 may 2016 3 april 2016 27 march 2016 48 february 2016 6 january 2016 december 2015 29 november 2015 1 october 2015 50 september 2015 19. Indian economy gktoday material download pdf 5 mb xaam. Base erosion and profit shifting refers to tax planning strategies that would exploit the gaps and mismatches in tax rules to artificially shift profits to low or no tax locations where there is little or no economic activity, resulting in little or no overall corporate tax. One thing every serious player in upsc agrees is that yojana magazine is the most useful magazine of all, and it has been proved again and endorsed more vociferously than others by roman saini 18th ranker this year.
Transfers from union to states consist of tax devolution, nonplan grants, plan. Union ministry of finance on 6 november 2015 decided to impose 0. Schedules 1 and 2 specify the central and state taxes and levies for apparel. We have covered almost all the important current affairs in this pdf. The above graphics shows the tax revenue and non tax revenue of the central government as per the latest budget documents. In other words, even if information furnished under this scheme is collaterally used by the income tax department tor any purpose. The global forum on transparency and exchange of information for tax purposes was. Agriculture in india upsc exam preparation, issues in news.
Nov 28, 2015 latest current affairs november, 2015 with current affairs, news summary on current events of national and international importance of november, 2015 for banking, ssc, clat, upsc, state pcs, ibps, railways and other competitive examinations. This current affairs capsule is must for examinations like upsc, ssc, ibps, railways, postal, insurance, and statecentral govt jobs etc. The recommendations of the commission entered force on april 2015. Global forum on transparency and exchange of information for. Current affairs november, 2015 current affairs today. May 17, 2015 indian economy gktoday material download pdf 5 mb may 17, 2015 august 9, 2015 xaam org. This analysis of upsc prelims 2016 is based on idea that upsc need to analyze the skills and aptitude required to discharge his or her function as an efficient administrator.
Rajasthan government launched the agroprocessing and agrimarketing promotion policy 2015. Current affairs magazine pdf free download current affairs 2018 pdf april 3, 2017 indian economy swot analysis pdf download as per union budget 201718 april 3, 2017 shankar ias reports indexes pdf download for upsc prelims 2017,ssc cgl,capf april 2, 2017. Current affairs 2020 daily current affairs current. J tax informants reward scheme, 2018, on the basis of substantially same facts,heshallhave tofurnishthe sameseparately inaccordance with the two schemes. It is updated every year on 31st march and the modifications, improvements and new scheme become continue reading short note on exim policy ftp. The goods and services tax gst is so far the biggest tax reform in the country. How to read yojana magazine for upsc and free download yojana. The paris agreement entered into force on november 4, 2016, and has been signed by 197 countries and ratified by 187. It will be levied in addition to the 14 percent service tax that is in force now. The pdf compilations of gktoday s current affairs and mcqs can be downloaded from this link. Kautilyas system of tax administration and present day tax system. A very well known model of good governance, sevottam, is being implemented by income tax department. November 23, 2015 prior to the liberalization of economy, indias tax regime was marred with numerous problems. Here is your daily dose of current affairs for competitive examinations.
As per, first discussion paper released by the empowered committee of the state finance ministers on 10. Jan 28, 2015 the gst system will combine central excise duty, additional excise duty, services tax, state vat entertainment tax etc. Goods and service tax a detailed explanation with examples. Credit for indian agriculture has to expand at a faster rate than before because of the need to stepup agricultural growth to generate surplus for exports, and also because of change in the product mix towards animal husbandry, aquaculture, fish farming, horticulture and floriculture, medicinal plants, which will necessitate larger investments. Schemes current affairs 2020 current affairs today fresherslive. This pdf will provides you insight into current schemes events that are important for competitive exams. Yojana magazine is freely available for download and is highly useful you can now subscribe for yojana and kurukshetra online, for hard copies. The paris climate change conference was held in november 2015.
This post is a compilation of our most viewed notes on economics, which we think our readers should not miss. Jul 14, 2017 rpsc 1st first grade teacher recruitment examination 2016 syllabus, examination pattern, examination date, time table, download first grade syllabus. Goods and service tax is one of the biggest tax reforms in india. Currently, we pay 14% service tax on around 100 services. Information is provided and updated by press information bureau a wing, shastri bhawan, dr. The tax rate of land was fixed depending on the quality of the land.
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