One Nation One Tax

Slideshow Transcript

1. Slide 1:Vikram B. Thadeshvar Rohan Tamrkar vikramthadeshvar@hotmail.com
2. Slide 2:I nt r oduc t i on  The government namely collection of tax revenue and; vertical and horizontal devolution of such resources.  Vertical devolution refers to distribution between the center and the states  Horizontal devolution refers to inter-state distribution.  Finance Commission, a constitutional body, recommends for the distribution of such revenues.  The new indirect tax regime that may come into operation from 2010 that is Goods and Services Tax (GST). vikramthadeshvar@hotmail.com
3. Slide 3:W a t i s GS T? h  GST (Goods and Services Tax ) is a broad based and a single comprehensive tax levied on goods and services consumed in an economy.  GST is levied at every stage of the production-distribution chain  It is basically a tax o