every transaction as the accounts audited for checking the validity of their claims. No I don’t agree with the trader who oppose VAT because VAT is the key to develop common domestic market through removal of trade barriers and simplification of indirect taxes and VAT
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LEARNING OBJECTIVES After studying this chapter‚ you will be able to 1 2 3 4 Apply the three-step writing process to negative messages Explain the differences between the direct and the indirect approaches to negative messages‚ including when it’s appropriate to use each one Identify the risks of using the indirect approach‚ and explain how to avoid such problems Adapt negative messages for internal and external audiences 5 6 7 Explain the importance of maintaining high standards of ethics and
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Science Mr. Shahid Ahmed‚ Implementation of VAT: Pakistan ’s Experience Pakistan Economic Survey 2011-2012‚ Highlights FBR (March 2012)‚ FBR Quarterly Review Muhammad Aamir (2011)‚ Determinants of Tax Revenue: A Comparative Study of Direct taxes and Indirect taxes of Pakistan and India 8|Page Exhibits Exhibit 1: Tax-GDP ratio Exhibit 2: Gini coefficient 9|Page Exhibit 3: Tax Revenue vs. Non-Tax Revenue Exhibit 4: 10 | P a g e Exhibit 5: 11 | P a g e
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Duty‚ Surcharges etc. in the overall framework of CENVAT‚ and thus kept the benefits of comprehensive input tax and service tax set-off out of the reach of manufacturers/ dealers. The introduction of GST will not only include comprehensively more indirect Central taxes and integrate goods and services taxes for set-off relief‚ but also capture certain value addition in the distributive trade. Similarly‚ in the present State-level VAT scheme‚ CENVAT load on the goods has not yet been removed and
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surcharge increased from 5 percent to 10 percent. 7. The additional surcharges will be in force for only one year that is Financial Year 2013-14. 8. Rajiv Gandhi Equity Saving Scheme eligibility limit raised from Rs. 10 lacs to Rs. 12 lacs. Indirect Taxes: 1. No change in the peak rate of basic customs duty of 10 percent for non-agricultural products. No change in the normal rate of excise duty of 12 percent and the normal rate of service tax of 12 percent. 2. Reduction in duty on specified
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RESEARCH PROPOSAL BY GROUP 26 THE EFFECTS OF HIGH RATES OF TAXES ON INDIVIDUALS AND CORPORATE INSTITUTIONS‚ (A CASE STUDY OF THE ACCRA METROPOLIS) Background of the study Government revenue is one of the major criteria through which many governments and states finance their developmental and economic projects. In most case the revenue to the government comes through the tax revenue or through the taxation of indigenes personal incomes and income to corporate institutions. In Ghana‚ revenue to the
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MIS 535 PROJECT PROPOSAL STAGE: INITIATION AUTHOR DATE: September 19‚ 2012 TWOINONE SALE & USE TAX Table of Content Brief Overview of Company 3 Problem to Be Resolved 4 Proposed Enterprise Technology 4 Implementation / Timeline 6 Operations Management 7 Risks 8 Benefits 9 How to Measure Success 10 Bibliography 11 A.) Brief Overview of the Company or Enterprise Twoinone Stores‚ Inc. was founded in 2001 by CEO Billy
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IMPORTANT BANKING TERMS 1. Balance of Trade : The value of a country’s exports minus the value of its imports. Unless specified as the balance of merchandise trade‚ it normally incorporates trade in services‚ including earnings (interest‚ dividends‚ etc.) on financial assets. 2. Balance of Payments : A list of all of a country’s international transactions for a given time period‚ usually one year. Payments into the country (receipts) are entered as positive numbers‚ called credits; Payments
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Government of India “Democracy is the art and science of mobilizing the entire physical‚ economic and spiritual resources of various sections of the people in the service of the common good of all.” Mahatma Gandhi BUDGET 2009-10 July 6‚ 2009 1 http://indiabudget.nic.in Key Features of Budget 2009-2010 CHALLENGES ! ! ! to lead economy to high GDP growth rate of 9 per cent per annum at the earliest to deepen and broaden the agenda for inclusive development to improve delivery mechanisms
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Pst311L Louis Boshoff Student number 49479784 Question 1 1.1 Manipulating existing products To manipulate an existing product is to improve on the product or service. It’s an easier and more cost effective way than other methods. Business ideas can be generated in the process of improving the existing product. In the process of improving and research of the product‚ a more productive product can be found or even a new product which is more effective can be found. Even with a service there is always
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