IOSR-JBM   Taxation in India – Recent Trends & Developments

Abstract: Automobile industry in India is one among the most victorious and rising manufacturing industry after liberalization. The industry has prospective to grow and become a most important contributor for the economic development and employment formation. The Indian government has also identified the need for Automobile industry in the Indian economy and is currently functioning on Automotive Mission Plan 2026. The automobile industry produces commercial vehicles, passenger's cars, and three and two wheelers.

Keywords: Automobile, GST, Tax rates.

[1]. Author; K.Neelavathi, Mrs Rachana Sharma: Journal; IOSR Journal of Business and Management;Topic;Impact of GST on
Automobile Industry.
[2]. Author:TARUNIKA JAIN AGRAWAL & C.A. AASHNA GOYAL;date of publish; 6 june,2017;Journal:International Journal of
Research in Business Management; Topic:Impact of GST on Automobile Industry;
[3]. Author:MilandeepKour, KajalChaudhary, Surjan Singh, Baljinderkaur; Journal;
[4]. International Journal of Innovative Studies in Sociology and Humanities (IJISSH)date ofpublish:Nov 2016; Topic:A STUDY ON
IMPACT OF GST AFTER ITS IMPLEMENTATION.
[5]. "IMPACT OF GST ON INDIAN AUTOMOBILE INDUSTRY", International Journal of Emerging Technologies and Innovative
Research (www.jetir.org),ISSN:2349-5162,Vol.4

Abstract: Goods and service tax is an indirect tax levied at national level and itabolishes all indirect tax. It is a comprehensive tax levy on sale, manufacturing and consumption of goods and services. Regime of GST was started by VishwanathRatap Singh in 1986 during Rajiv Gandhi government but it failed to get approval in LokSabha. Finally GST Act was passed on 29th march 2017 and it came into force on 1st July 2017. Rules regulation and rates governed by GST council comprises all state and central finance ministers. "One tax for entire nation‟. Benefit under GST is tax on tax is removed and the cost of goods decreased. The whole concept of GST for levying tax is based on 5 slabs 0%, 5%, 12%, 18% and 28%.GST removed cascading effect (tax on tax) on the sale of goods and services which helps to decrease the cost of goods and services. Activities like retunes, refund registration.............

[1]. Poonam M. Goods and services tax in India: AN. 6th International Conference on Recent Trends in Engineering, Science and
Management. 2017.
[2]. Kawle et al., GST: An economic overview: Challenges and Impact ahead. International Research Journal of Engineering and
Technology (IRJET). 2017, 04(04).
[3]. Shakir, Shaik et al., Does Goods and Services Tax (GST) Leads to Indian Economic Development? IOSR Journal of Business and
Management (IOSR-JBM). 2015; 17(12):01-05. e-ISSN: 2278-487X, p-ISSN: 2319-7668.
[4]. Sehrawat et al., GST in India: A key tax reform, international Journal of Research Granthaalayah. 2015, 3(12).
[5]. Mahender. GST Effect on Manufacturing Industry – India, International Journal of Managerial Studies and Research (IJMSR).
2017; 5(1):28-30.

Abstract: The main objective of this paper is to know the effect of India‟s biggest structural reform the "Goods and Services Tax (GST)" had affected the FMCG sector. On 8th September 2016, India was introduced to a major economic policy. The Goods and Services Tax was approved by the President upon its passing by the parliament. GST came into effect on April 2017 wherein it replaces all the indirect taxes like VAT, Sales Tax etc. that were levied by the central and state government on products. The implementation of GST in India is said to have far reaching impact on the business sector of the nation. Even though GST was brought into play in India, some still feel that it was quite a bit late considering that over 140 countries have already adopted some form of GST........

[1]. Uma S(2016),"GST-The Gainers and Losers in India", International Journal of Research in Management studies, Volume 1, Issue
11, Page Number 35-41.
[2]. Dr. Mohan Kumar, CA Yogesh Kumar(2017),"GST & its Probable on the FMCG Industry in India", International Journal of
Research in Finance and Marketing, Volume 7, Issue 4, Page Number 66-76.
[3]. Dr.Jayashree, R Kotnal(2017),"Influence of "GST‟ on the Fast Moving Consumer Goods", International Journal of Advanced
Research and Development, Volume 2, Issue 6, Page Number 12-15.
[4]. Sheetal.A.N(2017),"Indian FMCG industry-The changing Scenario", PARIPEX-Indian Journal of Research, Volume 6, Issue 4,
Page Number 723-724.
[5]. Rajkumar C(2017),"A Study on Impact of Goods and Services Tax on Indian Industries with reference to FMCG sector",
International Journal of Innovative Research in Management Studies, Volume 2, Issue 8,Page Number 7-12.

Abstract: Goods and Services Tax (GST) in India is proposed to be the maiden reform (and not an amendment) in the existing indirect taxation structure. The proposed reform through introduction of GST would bring about a seachangein the legal provisions for imposing duty/tax liability in stages ofmanufacture, sale (interstate/ intra-state) of goods, rendering of services and shall stand replaced with the place of supply, where the final consumption/enjoyment and use of goods/services were made. Goods and Services Tax (GST) is an indirect tax which was introduced in India on 1 July 2017 and was applicable throughout India which replaced multiple cascading taxes levied by the central and state governments. Every economic decisions of the GOI have an immediate impact on the price behavior of the stock market. Hence, in the current study an attempt to investigate the impact of implementation of the GST in India on 1July, 2017 on to the price behavior of Indian stock market..

KeyWords: Abnormal returns, GST, stock market, tax..

[1]. Balla V. K. (2002), Portfolio Analysis and Management, Sulthan Chand and Co. Ltd., New Delhi.
[2]. BhatSudhindra (2008), Security Analysis and Portfolio Management, Excel Books, New Delhi.
[3]. Booie.Zvi, Kane Alex and et.al.(2006), Investments, 6th edition, Tata McGraw Hill, New Delhi.
[4]. Chandra Prasanna (2008), Investment Analysis and Portfolio Management, 3rd edition, Tata McGraw Hill, New Dehi.
[5]. Fisher. E. Donald and Jordan. J. Ronald (2006), Security Analysis and Portfolio Management, Pearson Prentice Hall.

Abstract: The Automobile Industry is one of the fastest growing sectors in India. The size of the automobile industry relative to overall activity is small, but because of its strong linkages with other parts of the economy, the final impact of a shock in the industry on the broader economy is sizeable. This chapter considers the role of the automobile industry in the current cycle. The automobile industry is among the sectors that have been hit most by the recession. The automobile industry designs, develops, manufactures, markets, and sells the world's motor vehicles. In 2008, more than 70 million motor vehicles, including cars and commercial vehicles were produced worldwide. About 250 million vehicles are in use in the United States. Around the world, they burn over 260 billion US gallons gasoline and......................

Keywords: Automobile Industry, GDP

[1]. Cnossen, Sijbren (2013):"Preparing the way for a modern GST in India" in "International Tax and Public Finance",Aug 2013
Springer Science & Business Media (New York).
[2]. Das-Gupta, Arindam; Gang, Ira N (2000): "Decomposing Revenue Effects of Tax Evasion and Tax Structure Changes" in
"International Tax and Public Finance",March, 2000, Springer Science & Business Media(New York).
[3]. Das-Gupta, Arindam; Ghosh, Shanto; Mookherjee, Dilip, (2004):" Tax Administration Reform and Taxpayer Compliance in India"
in "International Tax and Public Finance",September, 2004, Springer Science & Business Media(New York).
[4]. Dash, BharateeBhusana; Raja, Angara V(2013):"Intergovernmental Transfers and Tax Collection in India: Does the Composition of
Transfers Matter?" In "Public Budgeting &Finance",Blackwell Publishing Ltd(Maiden).
[5]. Eigner, Richard M (1959):" Business And Economics–Public Finance, Taxation, Political Science" in "National Tax Journal",June,
1959 , National Tax Association (Washington)

Abstract: This paper deals about whether a truly global market for venture capital and private equity is emerging or whether the current situation of segmented national market is likely to endure. Here also discussed about categories,stages and process in the Venture Capital funding. It is documented in such a very rapid growth in venture capital fund raising and investment over the past decade in United States, Canada, Israel and India. Here we discussed about the US venture capital investment in India, and its growth. And followed by the advantages and disadvantages of the Venture Capital funding. Nonetheless, we must conclude that the major national markets will remain effectively segmented and suggest that venture capital will continue to be much more important in Common Law than in Civil Law countries for the foreseeable future.

[1]. Indian Venture Capital Association - IVCA Venture Activity 1997
[2]. The Securities and Exchange Board of India - SEBI (Venture Capital Funds) Regulations, 1996
[3]. Sources:
[4]. www.ventureintelligence.com
[5]. www.investopedia.com.

Abstract: The Goods and Services Tax (GST) -- India's ever biggest tax reform since independence launchedformallyby Prime Minister NarendraModi and President Pranab Mukherjee in Parliament came into force after 17 riotous years of debate.This tax reform merges more than a dozen central and state levies. The one national GST unifies the country's USD 2 trillion economy and 1.3 billion people into a common market. GST is not just tax reform but its economic reform was thecomment by Honorable Prime minister Mr.Modi. GST is a way that makes ease doing business. In the language of law, it is called the goods and services tax and seems to be complex, but the benefit of GST is really a Good and Simple. Good because multiple taxes will be evaded. Simple because it requires just one form and is easy to use.In order to understand the unearth reality of the above statement; the present study makes an attempt to evaluate the perceptions of GST on 50 traders in Kalaburagi city. The study found that, GST was Good and Simple Tax for traders during the study period.

Keywords: Average return, IGST, CGST, Value added tax.

[1]. Poonam"The determinants of assessment tax Payers on Tax Knowledge and Tax Education with collection : the Malaysian local
authority Level of Tax Compliance""ASEAN Journal of experience. Thesis Submitted for the Degree of Economics, Management
and Accounting, 118- Doctor of Philosophy to the University no.129, 2017.
[2]. NishithaGuptha "Basic Concepts and Features of Good and Services Tax in India." "International Journal of scientific research and
Management" 2014; 2(2):542-549
[3]. Jaiprakash "Role of Goods and Service Tax in the growth of Indian economy", " International journal of science technology and
management", vol.5, issue 2, February 2014.
[4]. Venkadasalam "Goods and Services Tax in India: A Way Forward". "Global Journal of Multidisciplinary Studies, 2014; 3(6):216-
225
[5]. Pali, Jaevan, Sharma, Geol, "GST in India: A key tax reform", "International journal of research granthaalayah", vol.3, issue 12,
December 2014

Abstract: GST is also known in full form as Goods and Services Tax and is also defined as a huge indirect tax structure which is designed ultimately to enhance and support the growth of economy of a country. And in the numerical numbers, so far more than 160 countries have implemented GST. This research paper highlights the Tax Structure before GST and also the negative and positive impact of the GST in the Tax System of India. GST is also a single tax on the supply of services and goods, precisely from the manufacturer to the end user, which means the consumer. It is a comprehensive tax system that will consider all the prevailing indirect taxes of states and central governments and economy...............

Keywords - Implementation of GST, Indirect Tax System,.

[1]. Lourdunathan F and Xavier P(2017), A study on implementation of goods and services tax (GST) in India: Prospectus and
challenges, International Journal of Applied Research 2017; 3(1): 626-629.
[2]. A DASH (2017), POSITIVE AND NEGATIVE IMPACT OF GST ON INDIAN ECONOMY, International Journal of
Management and Applied Science, ISSN: 2394-7926 Volume-3, Issue-5, May-2017.
[3]. Akanksha Khurana(2016), GOODS AND SERVICES TAX IN INDIA - A POSITIVE REFORM FOR INDIRECT TAX SYSTEM
, INTERNATIONAL JOURNAL OF ADVANCED RESEARCH , 26 February 2016 Published Online: March 2016.
[4]. K.Venkat Janardhan Rao(2017), Implementation of GST in India :A Administration orManagement, International Journal of
Engineering Technology Science and Research, ISSN 2394 – 3386Volume 4, Issue 12, December 2017.
[5]. "How GST will impact sectors", http://economictimes.indiatimes.com

Abstract: The Government needs money to maintain law and order in the country and to undertake certain welfare measures to bring the balanced development of the state. The government's prime source of revenue is tax. The tax is divided into two types depending on its incidence and impact. One is direct tax and another is indirect tax. Direct tax is a form of income tax wherein its impact and incidence is on the same person. Taxation is the only tool to achieve growth and economic development in the long run of any country and it is very important to understand the components of tax which are to be targeted in order to attain economic growth. Generally the personal income tax had less or no impact on economic growth in turn corporate income tax had considerable impact on economic.............

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Abstract: GST, the most significant tax restructuring in India's indirect tax system since the economy has begun to be opened up twenty-five years ago, at last looks set to become a reality. GST is Unified taxation system and one of the most significant tax reforms in India. GST has become the new dawn in the tax regime. GST is a single tax which makes one single common market for all. That introduced GST will foster common market and contribute to the growth of GDP. It is also considered to reduce the production cost and inflation in the economy, so it becomes Indian trade and industry will be more competitive in between the states and internationally. This paper presents an overview of GST, understands the concept of GST, and e features of GST, Registration process of unique GST Identification number. The article is more focused on basics of GST, advantages and its impact.

Keywords : Goods and Service Tax (GST), the Registration process of GST, GSTIN,

[1]. Monika Sehrawat and UpsanaDhanda, GST in India: A KEY TO TAX REFORM, International journal of research, volume.3, issue. 12, December 2015.
[2]. Lourdunathan F and Xavier P, A study on the implementation of GST in India, International Journal of Applied Research, Volume
no,3(1), page. 626-629, December 2016.

[3]. Dr.MohdKamalunNabi and Vivek, GST and its impact on Indian Economy, International journal of finance research review,
Volume. 5, issue. 5, May 2017.
[4]. Dr.M.Krishna Naidu, Dr.G.Kiran Kumar Reddy, and U.M.Gopala Krishna, GST in India and its impact on Indian economy,
International Journal of Research in economics and social sciences, Vol no.7, Issue.11, November 2017.
[5]. GLS (J.P.Shah), Impact of GST on Indian Economy, business and economics journal, volume no.7, issue no 4, 2016.

Abstract: GST is one of the best indirect tax reformation of the modern times in the history of India post independence. To implement GST 101st Amendment was made in the constitution. The union Govt. introduced Central Goods and Services Bill. Integrated Goods and Services Tax Bill, Union Territory Goods and Services Tax Bill and goods and Services Tax (Compensation to States) Bill 2017, in LokSabha on 27th March 2017after a long discussion in parliament, LokSabha passed these bills on 29th March 2017, while RajyaSabha passed it on 6th April 2017. The Presidents Asset was received on 12th April 2017. In any system of tax administration, registration is the fundamental requirement for identification of taxable persons, to ensure compliance by them. Registration is a legal evidence of supplier of goods and services

[1]. Article pros and cons of voluntary registration.
[2]. GST Act 2017.
[3]. Monika Sehrawat, UpasanaDhanda. GST in India: A key tax reform. International Journal of ResearchGranthaalayah. 2015;
3(12):133-141.
[4]. HamdaniRizwana. GST and Indian Economy. International academic Institute for Science and technology. 2016; 3(9):1-6.
[5]. Tax forum The Hindu (article)..

Abstract: GSTabbreviation for "Goods and Services Tax", and is an inclusive indirect tax imposed on the production and consumption of goods and services at the national wide replacing the taxes levied by the state and central governments of India. Globally it was introduced in the year 1954 in France. Across the world more than 150 countries have adopted it. It is one of biggest tax reform. With GST implementation, Indian market will be unified and will lower the business cost in long run. Along with reduced cost it will also help in seamless movement of goods and services across states. The present paper tries understanding impact of GST on different sectors of economy..

Keywords : Goods and Service Tax, Impact, Sector, reform.

[1]. Services Sector: Challenges, Issues and Policy Suggestionswith special focus on(IT-BPM,Tourism, Shipping, Real Estate Services
and Project Exports) ByDr. H.A.C. Prasad&S. S. Singh
[2]. GST Impact on Service Sector in IndiaUpdated on January 5, 2018SubodhKumawat GSTArticles
[3]. https://www.profitbooks.net/input-tax-credit-under-gst/
[4]. Research Dimensions Original Article Vol. VII (2) 35-38 (2017) SimranR Kalyani
[5]. IJISSH) A STUDY ON IMPACT OF GST AFTER ITSIMPLEMENTATION..

Abstract: The goods and services are divided into five tax plates to collect taxes - 0%, 5%, 12%, 18% and 28%. Oil and alcohol products are taxed separately by individual state governments. There is a special ratio of 0.25% on semi-precious stones and 3% on gold. In addition, 22% or other rates are higher than 28% of sales tax applicable to certain items such as soft drinks, luxury cars and tobacco products. Before GST, the legal tax rate for most goods was about 26.5%, after GST, most of the goods are expected in the tax range 18% Logistics in general is the detailed implementation of a complicated process. In general, logistics is the management of the flow of objects between the starting point and the point of usage to fulfill the needs of companies or customers. Resources...........

Keywords :Tax, Goods, Service tax, Logistics

[1]. Girish Gang-2014- Basic concepts and features of GST in India- International Journal of Scientific Research and Management- Vol.
2 Issue 2 PP 542-549
[2]. Cargo Talk , July 2015
[3]. The Hindu Business line, "Implementation of GST can improve trade, say logistics Companies", March 13,2012
Decan Chronicle May 15, 2016.
[4]. Business Line, "Transport Corporation of India: En route to growth", July3,2016
[5]. http//wikibizpedia.com
[6]. Online GST .in

Abstract: The entertainment industry consists of different segments under its folds sectors television, print and films. It also includes smaller segments like radio, music, OOH, gaming and visual effects, animation, and internet advertising. Entertainment industry in India has resulted a huge growth in last two decades and is one of the fastest growing industries in INDIA.  Television industry- It is one of the major mass media and is a huge industry and it has thousands of programmes in the all the states of India. India is the second largest television market in the world. Television first came to India in the form of Doordarshan on September 15th ,1959.  Print industry- Due to digitalisation print industry is showing a negative growth rate year on year. Print industry in India is the.........

[1]. GST impact on entertainment industry by Rajesh Naidu, ET Bureau | updated on June 15, 2017
[2]. GST impact on media and entertainment industry by NayanRijhwani on September 2017.
[3]. GST- impact on media and entertainment industry by Hemanth P Vastani on January 2017...

Abstract: India has a heavy tax structure compared to other countries. Salaried class of people in India is the people who pay this tax. There are lots of options available for this class of people to save tax. But not many are aware of all the avenues. ELSS is for those who are just starting out their careers. This study makes an attempt to analyze the awareness of people to save tax in ELSS funds. This study also analysis the benefits of saving in ELSS instead of other avenues.

Key Words: Tax saving, Tax benefits, high returns, ELSS.

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