Sign up now
to enroll in courses, follow best educators, interact with the community and track your progress.
Download
1st July 2017 Part-1: Daily News Analysis (in Hindi)
26,000 plays

More
GST Network-Tax on implementation

Jatin Verma is teaching live on Unacademy Plus

Jatin Verma
Have appeared in UPSC CSE thrice. Have been taking Unacademy Plus courses Academics- Polity, Economics & Current Affairs.

U
Unacademy user
Please make a course on Malayalam language.
Jijo Joy
2 years ago
If you lemme know the purpose, I can guide
1)Aghil Pass Ladakh region of India with China * 5000 m above sea level. * north of K2 Peak (the highest peak in India and the second highest peak in the world)..................... 2)Chang-La Ladakh with Tibet * This has a temple dedicated to Chang-La Baba after whom the temple has been named ...................3)Khardung La near Leh in the Ladakh range *The world’s highest motorable road passes through this pass .................4)Lanak La India and China (Akasai-Chin area of Jammu and Kashmir) *Passage between Ladak and Lhasa. .....................5)Rohtang Pass road link between Kullu, Lahul and Spiti Valleys ....................6)Lipu Lekh trijunction of Uttarakhand (India), Tibet (China) and Nepal borders *This pass is used by pilgrims to Kailash-Mansarowar. ...................7)Mangsha Dhura Uttarakhand with Tibet *It is used by pilgrims going to Kailash-Mansarowar ..................8)Nathu La Sikkim with Tibet * it forms part of an *offshoot of the ancient Silk Route * an important trade route between India and China * It was closed after the Chinese aggression on India in 1962 but was reopened in 2006 as the governments of the two countries decided to enhance their trade through land routes ....................9)Bom Di La Arunachal Pradesh with Bhutan ....................10)Dipher Pass trijunction of India, China and Myanmar
I am not happy with your comment..... Sr Bina preparation ke etne bade country me kuch bhe karna Ek ghata ka sauda h..... Example- notebandi
without preparation govt is only playing with economy nothing else ..the situation of country is ready for this..fist demonetisation second this ..even we literates in yrs language e literate are not able to understand it proprly how the poor nd illiterate people understand
without preparation govt is only playing with economy nothing else ..the situation of country is ready for this..fist demonetisation second this ..even we literates in yrs language e literate are not able to understand it proprly how the poor nd illiterate people understand
Sam K rishnan
2 years ago
A policy without proper deliberation nd without explaining public completely. .. Won't b effective... It is tough for literate people to understand it ... Even after its implication .we have to live with it now....
Sam K rishnan
2 years ago
How the rural public in far flung area will b able to understand this taxation system
Sam K rishnan
2 years ago
Full moon =poornima.... Jajbati ni hona hai.... Upsc dena hai so concertant on preparation ????????????
Sam K rishnan
2 years ago
Sorry typing error concentration*
Sam K rishnan
2 years ago
Sorry typing error concentration*
Ankit Kishore
2 years ago
some are saying how poor and illiterate will understand this..so simple .the same way they understood previous taxation system. like vat and all.
Vibha Sharma
2 years ago
GST will b a new terminology for them.... this will take time ...for making a mind set ..".its better impact will justify its implementation" a ... and in INDIA this will b tough as a country in which cleanliness drive is also needed to teach not only rural public even educated and urban people need to learn about keeping cleanliness and its importance than GST is a complete economic reform....
Pawan Patel
2 years ago
nobandi ki preparation pradhanmantri Jan dhan khaate se chal rahi thi.
Pawan Patel
2 years ago
nobandi ki preparation pradhanmantri Jan dhan khaate se chal rahi thi.
1. Lipulekh Pass, Uttarakhand ....................... 2. Nathu La pass : Sikkim ............................. 3. Khardung La pass : Ladakh ( J&K) .................... 4. Chang La pass : Ladakh ( J&K) ................. 5. Zoji La pass : Jammu and Kashmir ................................ 6. Rohtang Pass : eastern Pir Panjal Range ( J&K) ................................7. Banihal Pass : Pir Panjal Range ( J&K) ........................8. Fotu La : Zaskar Range ........................9. Dongkha La: Sikkim..............................10. Diphu Pass : disputed tri-point borders of India, China, and Myanmar .............................. etc
with the implementation of GST manufacturer state may incurred some losses in production, but due to this small states where these goods are sold the may generate more profit, abi tak kya ho raha tha ki jyadatar jo rich states hai (jaise gujrat, tamil nadu, maharashtra, haryana etc) wahin manufacturing units wagera lag rahe the cars ke ya or badi koi bhi company, but ab is se choti states ko fayda ho jayega wahan par cheeje sell ki jayengi to unka revenue generate hoga, states me ab thodi equality ayegi.
thanks for explaning this concept ..bt i realy want to know is this may not demotivate the companies nd govt too as finance is of producing state .resourc3s are of govt of the state so if all the tax is under the buyer state what is the profit for the govt there and indirectly companies there to set up all this
Shashi Rani
2 years ago
GS compensation fund iseleye bnaya ja rha hai ki manufacturer states k nuksan ki bharpae ho....Nd companies ka Q nuksaan hoga??unpe to lagne wale taxes kum he honge
Rahul Yadav
2 years ago
5 years tak hi compensation milega, uske bad to nahi milega.
*Economics* Hello Jatin Sir, I beg you to please guide me about Indian Economics Services. Mene kai baar unacadamy ke platform me iske related message kiye but no reply. Here i mention my email address shreyaspannase.90@gmail.com I am looking forward for your positive response. Thank you!
Jatin Verma
2 years ago
you can drop your query on studiousjatin@gmail.com
Shreyas Pannase
2 years ago
Thank you sir. Aapne din bana diya mera rpy karke. God bless you.
  1. Daily The Hindu News Analysis IJULY 2017 ST By Jatin Verma Educator Unacademy unacadem For Editorial Analysis & English video, Visit my Unacademy Profile- https://unacademy.com/user/studiousjatin


  2. Page l + 9: At stroke of midnight, India gets a 'good and simple tax' Calling the GST a simpler, modern and more transparent taxation system that will do away with 500 different taxes levied across the coun- try's 29 States and seven Union Territories, Govt. said that it would end the spectre of tax terrorism and Inspector Raj that India's businesses have had to endure for long. GST Council chaired by Finance Minister slashed the tax rate on fertilizers from 12% to 5% and tractor parts from 28% to 18%,in a bid to make the new tax regime more farmer-friendly. Question. What are the most important Second Generation Reforms for India. LPG Reforms of 1990s were First generation Reforms] For Daily News & Editorial Analysis, you can follow me on Unacademy https://unacademy.com/user/studiousjatin


  3. GST SUVIDHA PROVIDERS Web Portal Mobile App GSP-GST Server GST Server .Registration Package Tax . Challan Payer . Generation Invoice Uploading Return Filling ERP . Ledger Apps GSP Eco System


  4. Page ll: Delayed on D-Day: e-waybills, date of filing returns Several key aspects such as the e-waybill system, the tax collected at source (TCS) by e- commerce companies, and the dates of filing returns have been delayec. The government on June 18 decided to push back the date of filing returns for July and August under GSTWhile the deadline for filing returns for July was earlier August 10, it was deferred to September 5.The deadline for August was moved to September 20 from September 10. The decision to delay the date of filing returns suggests that the government itself has realised that the GST Network is itself not ready and that the GST Suvidha Providers also need more time The e-waybill system, envisaged to provide an electronic way bill for the movement of goods across the country, met with huge opposition from industry players since the rules were con- sidered to be too complicated to implement. For Daily News & Editorial Analysis, you can follow me on Unacademy https://unacademy.com/user/studiousjatin


  5. Page 8: Notice to poll panel on MP Minister The Madhya Pradesh High Court issued a notice to the Election Commission on a plea filed by Public Relations, Legislative Affairs and Water Resources Minister Narrotam Mishra for disqualifying him from the Assembly allegedly for corruption and paid news during the 2008 Assembly polls. The EC on June 24 disqualified Mr Mishra under Section IOA of the Representation of the People Act, 1951. Page 8: Now, a hard trek via Lipulekh : Amid a face-off between Indian and Chinese troops along the India-China border, the Kailash-Mansarovar Yatra through the Nathu La pass in Sikkim has been cancelled. However, pilgrims travelling through the Lipulekh pass in Uttarakhand will continue as scheduled. The annual Kailash Mansarovar Yatra was flagged off earlier this month by External Affairs Minister However, China had declined permission for the first group of 50 pilgrims to proceed to Mount Kailash through the Nathu La pass.


  6. Page 9: How will the Centre ensure States' finances are not hurt? hat was the issue? The GST is a destination- based tax, and as such is viewed as being to the advantage of the consuming States and to the detriment of the producing States like Maharashtra, Tamil Nadu, Gujarat, Haryana, and Karnataka. . These States had raised objections to the implementation of GST, forcing the Centre to agree to a formula for compensating them in the event of a loss of revenue The 14th Finance Commission advised the Centre to provide 100% compensation to States for their revenue loss after implementation could be as much as 55,000 crore.


  7. where are the funds? The GST, once implemented, will subsume almost all the cesses levied at the moment, including Swachh Bharat Cess and Krishi Kalyan Cess. Other cesses like the education cess on imported goods and the cess on crude oil will remain under GST. e However, the government needs extra revenue to compensate the States, and so the GST Council decided to impose additional cesses for five years on certain goods over and above the highest tax bracket of 28%. These goods on which cess will be levied include tobacco products, coal, motor vehicles, which include all types of cars, personal aircraft, and yachts. These additional cesses, however, will be removed after five years & the States incurring losses would have to find alternatives