25 October 2017-The Hindu Editorial News Paper Analysis- [UPSC/SSC/IBPS/UPPSC] Current affairs 2017 - Videos

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  2. 1.GST network:
    2/3rd -power to state
    1/3rd -power to centre
    2. Literacy rate in India:
    total -74.04%
    men – 82.14%
    women – 65.46%
    3. National Highway Authority of India (NHAI):
    Formation – 1988
    Headquarter-New Delhi
    – nodal agency of ministry of road transport and highway
    -chairman -Deepak Kumar
    -first Chairman was Dr Yogendra Narain.
    4. Ganpati festival is celebrated in Maharashtra and
    Durga Puja in Bengal.
    5. Vasco da Gama started sailing from Lisbon on 8July 1497 and reached to Calicut (India) port on 20 May 1498.

  3. Question: What is goods and services tax (GST)? Discuss salient features and benefits of passed GST bill also discuss the impact of GST on economy of India

    GST a "Good & Simple Tax" as pronounced by our Prime Minister. It is the 102nd Amendment of the constitution of India. In pre-gst regime there are many Indirect-tax to say some they are Excise, service tax,vat,luxary tax etc. but in GST all such tax is subsumed which result in reduce compliance procedure of the other tax (service tax , Excise ,VAt etc) and less tax rate variation.

    Salient Features
    i) Gst is divided into 3 parts i,e CGST, SGST, IGST.
    ii) 279A of constitution powers tax council to take decision over Gst
    iii) Many Indirect Tax is subsumed

    Benefits
    i) one tax would be paid.
    ii) only one registration required unlike pre-gst taxpayer had to take registration in different-2 regime
    iii) 90% of the things is online
    iv) One jurisdiction

    Impact on Economy

    FDI Boost up :-
    In many Countries there is GST & before gst in India foreign com had to comply with many tax in different states which would decreased attracting Foreign Investors.

    Spider Pattern :-
    Gst is made in such a way tht if a person is registered & he plans for any tax evasion he could be easily traced, so leak of tax would be saved.

    Plastic Economy:-
    Tax above 10000 rupee would be paid in digital mode which would motivate and make practice of paying money digitally.Earlier Demonitisation had flamed cashless economy too

    iv) increased revenue
    v) less corruption
    v) Strong base taxpayer and IMF hd said GST would increase the growth rate of india in long run

    Maheep Barnwal

  4. Vasco de gama arrived in India in 1498 via cape town
    NHAI established in 1988
    Chhath poojan is a famous festival of Southern Nepal, Bihar U.P. and Jharkhand
    Durga pooja is famous in Bangal, Odisha, Assam, Jharkhand, Bihar, Tripura and Bangladesh

  5. NHAI

    1988 established
    Minister of road and transport authority: nitin gadkari

    Current chairperson: IAS Deepak Kumar

    1st chairperson: Dr yogendra prasad

    Durgapuja—–west Bengal
    Ganpati— Maharashtra

    GSTN

    Goods and service tax network
    State and centre 24.5% and 24.5%

    Private 51%

    Vasco de gama arrived in India at calcutt port on 1498

  6. 1.GST network share
    >Centre-24.5%
    >State-24.5%
    >Private Sector-51%..

    2.Literacy rate of India-74.04%(a/c 2011)..

    3.Ganpati Festival is celebrated in Maharashtra..

    4.Vasco da Gama reached India on May 20 1498…

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