Taxmann's Analysis | 53rd GST Council Meeting – Detailed Analysis of [50+] Recommendations


Book Description

The much-awaited 53rd GST Council meeting, held on June 22, 2024, marked a significant milestone in the evolution of the GST system in India. The key focus areas included: ‣ Significant decisions to simplify compliance ‣ Resolving long-pending litigation issues ‣ Creating a more taxpayer-friendly GST environment ‣ Introducing new provisions, such as Section 11A and Section 128A in the CGST Act, providing significant relief to taxpayers across various industries ‣ The government's new approach and commitment to resolving disputes and facilitating trade This article has provided a comprehensive analysis and simplified version of the recommendations and decisions.




Strengthening India's Intergovernmental Fiscal Transfers


Book Description

This publication assesses India’s fiscal federalism framework and presents recommendations to strengthen the country’s fiscal framework that include a combination of unconditional, specific purpose and performance-based transfers. A mechanism for allocating performance-based grants to Indian states is proposed based on improvements in governance index. The publication also contributes to a deeper understanding of decentralization reforms across Asian countries. It synthesizes learnings from the experiences of Australia, Indonesia, Japan, the People’s Republic of China and the Republic of Korea on the design of intergovernmental fiscal transfer systems and the use of performance-based transfers for promoting subnational governance and outcomes in social sectors such as education and health.




Indian Fiscal Federalism


Book Description

Likening fiscal federalism to a game between the Union and the States, and among the States themselves, Indian Fiscal Federalism lays bare the complex rules of play. It examines the pivotal role of Finance Commissions and assesses momentous events since 2014, such as the replacement of the Planning Commission by NITI Aayog, the emergence of the GST Council, and the controversies surrounding the Fifteenth Finance Commission. States, and among the States themselves, Indian Fiscal Federalism lays bare the complex rules of play. It examines the pivotal role of Finance Commissions and assesses momentous events since 2014, such as the replacement of the Planning Commission by NITI Aayog, the emergence of the GST Council, and the controversies surrounding the Fifteenth Finance Commission. A contemporary, timely, and comprehensive analysis of fiscal federalism in India, this practitioners’ perspective is a must-read for all those interested in the subject.




Finance for Value Creation


Book Description

Everyone on this earth, without any exception, wishes to do exceedingly well on a continuing basis in his or her business or chosen profession. The inherent desire is to create value and live a meaningful life for the benefit of everyone. For achieving this, one needs to have a good understanding of the relationship between Value Creation and Finance. Firstly, this book will empower you with this understanding. Secondly, this book will also help you understand what drives businessmen across the world in their decision-making process, at times involving billions of dollars. Likewise, it will familiarise you with the main drivers used by the members of Top Management across the globe for controlling businesses which are spread all over the world or the ones which are confined to the boundaries of one country. Likewise, from reading this book, you will gain a very good understanding of the core financial statements which reflect the financial performance, position and management of business resources. You will realise that these financial statements not only are informative but interesting as well. From reading this book, you will also get answers to many of your questions relating to finance which you always wanted someone to answer for so many years. Even though the book is on finance, it is written in a very simple manner, totally devoid of unnecessary jargon, to make it not only easy for you to understand but also simple to apply in your day-to-day life for achieving greater Value Creation.




I Will Survive


Book Description

I Will Survive is the story of Gloria Gaynor, America's "Queen of Disco." It is the story of riches and fame, despair, and finally salvation. Her meteoric rise to stardom in the mid-1970s was nothing short of phenomenal, and hits poured forth that pushed her to the top of the charts, including "Honey Bee," "I Got You Under My Skin," "Never Can Say Goodbye," and the song that has immortalized her, "I Will Survive," which became a #1 international gold seller. With that song, Gloria heralded the international rise of disco that became synonymous with a way of life in the fast lane - the sweaty bodies at Studio 54, the lines of cocaine, the indescribable feeling that you could always be at the top of your game and never come down. But down she came after her early stardom, and problems followed in the wake, including the death of her mother, whose love had anchored the young singer, as well as constant battles with weight, drugs, and alcohol. While her fans always imagined her to be rich, her personal finances collapsed due to poor management; and while many envied her, she felt completely empty inside. In the early 1980s, sustained by her marriage to music publisher Linwood Simon, Gloria took three years off and reflected upon her life. She visited churches and revisited her mother's old Bible. Discovering the world of gospel, she made a commitment to Christ that sustains her to this day.







The Path Ahead


Book Description

Enthusiasm and determination with a healthy dose of entrepreneurial vision that is enhanced by rapid strides in technology has provided the platform for young Indians to become the makers of a new India. Millions of young Indians are entering the workforce annually with a continually major shift from rural to urban areas and a burgeoning middle-class with demands and expectations of quality health and education, further increasing the dependence on sustainable, viable and continuous growth.




Taxmann's Analysis | 54th GST Council Meeting – Detailed Analysis of [20+] Recommendations [September 2024]


Book Description

The 54th GST Council meeting was held in New Delhi on 9th September 2024. The Council primarily focused on easing compliance, rationalising rates, and implementing changes and recommendations from the Finance Act 2024 and the 53rd GST Council meeting held in June of this year. These recommendations include the following: ‣ Granting Exemptions for Services to Various Sectors ‣ Rate Rationalisations for Various Products, Including Cancer Treatment Drugs, Extruded and Expanded Savory or Salted Products ‣ Clarifications of Ongoing Issues, such as ITC Eligibility on Demo Vehicles, Treatment of PLC under GST, and the Place of Supply of Services Provided to Foreign Affiliates ‣ Prescribing Mechanisms for the Implementation of Section 16(5), Section 16(6), and Section 128A ‣ Introduction of E-Invoicing for B2C Supplies ‣ Covering New Goods under Services under the Reverse Charge Mechanism




Seven Decades of Independent India


Book Description

Has democracy in India fulfilled the aspirations of its people? Have institutions delivered? Have public policies succeeded in making substantial differences to living standards? Is the country secure on its external borders? Would the country become an economic powerhouse? And can India be a leading power in the years ahead? All these and many more questions loom large as India completes seven decades of independence. Major challenges persist on the economic front and in providing adequate and quality healthcare, education, food, sanitation and drinking water. Regulatory preoccupations persist as policymakers continue to search for optimal solutions. The task is made harder by a socio-political environment shaped by various complexities. These include an expanding young workforce, a demanding citizenry, intense social media campaigns and a difficult neighbourhood. Seven Decades of Independent India, edited by Vinod Rai and Amitendu Palit, reflects on the India of yesterday, today, and tomorrow, by gathering rare and candid insights from some of the most distinguished experts, practitioners and scholars on India. These include D. Subbarao, ex-governor of RBI; Rajiv Kumar, vice-chairman of NITI Aayog; S.Y. Quraishi, former chief election commissioner; Shivshankar Menon, former national security adviser; Ashok Gulati, professor ICRIER and former chairman of Commission for Agricultural Costs and Prices; Sumit Ganguly, professor of political science, Indiana University; A.K. Shiva Kumar, director, International Centre for Human Development; Poonam Muttreja, executive director, Population Foundation of India; Tan Tai Yong, president and professor (humanities) Yale-NUS College, Singapore; Dipankar Gupta, sociologist and former professor, JNU; Pronab Sen, former chief statistician of India and many others.




Australian Master Tax Guide: Tax Year End Edition


Book Description

Confidently and quickly navigate all areas of tax with the Australian Master Tax Guide 2017/18: Tax Year-End Edition. Access authoritative commentary, practical examples, tax planning points, checklists and key tax dates, with ease. This edition incorporates the May 2017 Federal Budget measures, including a table to monitor their progress. Up-to-date to 30 June 2017. Essential for all accountants, tax lawyers, financial advisers and payroll offices. Oxford University Press Australia & New Zealand is the non-exclusive distributor of this title.