Value Added Tax (VAT) is a type of indirect tax that is imposed on goods and services. In one of the most important reforms of the country’s public finances in over the past 50 years, India has finally launched much delayed Value Added Tax (VAT) from 1st April, 2005 in 21 states. VAT has...

Government of India introduced Value Added Tax (VAT) across all its states in subsequent stages in the early years of this millennium. The main motive behind this move was to make the commercial tax collection more transparent, accountable and revenue enhancing. The purpose of this paper is to...

Black money can be totally eliminated if a new tax system called "TOP Tax system" is adopted and implemented by all nations. Excerpt: - We all know that black money is being generated by tax evasion through unreported/shadow/hidden accounts and also by corruption and fake currency. Tax evasion...

Global experience shows that GST serves as a best tax system that contributes towards the revenue generating activities of the government; which might be one of the possible reason for being implemented in India. As implementation of GST is getting momentum in India. This study is attempts to...