Vijay's Vision

-* Dr. S. Vijay Kumar                                                         The Goods and Service Tax ( GST ) is a Value Added Tax (VAT) to be implemented in   India from July, 2017. It   is a comprehensive tax mechanism where in all major indirect taxes are clubbed into one, whether they are levied on services (service tax) or goods (excise and vat). Amalgamating several Central and State taxes into a single tax would mitigate cascading or double taxation, facilitating a common national market. In simple terms, GST means the state will share the Central Sales Taxes that it is currently receiving fully with the Center. The Center in return will share the Service Tax with the States. Presently, there are...

                                                                                                                               -* Dr. S. Vijay Kumar                  India is considered as one of the fastest growing economies in the world . Agriculture is the mother of any economy, whether it is rich or poor. Much of its influence is on the other sectors of economy - industry and service. India is the second largest in farm output. Hence, I ndia’s economic security continues to be predicated upon the agriculture sector, and the situation is not likely to change in the near future. Even to...