Skip to main content

About




E
conomics related issues mainly are a focusing part of economics. It shows how the economics is related with our social life. Merely we have an idea that economics mean demand and supply at micro and macro levels and lots of calculation, but apart from this economics is a social science also. All the theories, calculation of economics are made to change our life and to find the way of uplift our society. Through this site I am trying to focus how economics is intensely related with our social life and how it helps us to improve our day today life. Through my blogs I will discuss more economics and less and simple calculation, which will help not only the economics learner but also the common people who really want to know the inner economics.

Now, I tell you about me,My name is Snigdha .I am married and we have a child. I have completed my masters in economics. After that I joined a job in the N.G.O sector, where I found how the economics is immensely related with the social life. In the N.G.O sector when I spent one month at an interior village in Westbengal, as a part of my N.G.O training, I really feel the meaning of the popular economics line “A country is poor because it is poor”.

My blogging career is not so much long. I am just a beginner blogger. I gathered my ideas about blogging from internet. I really enjoy the journey because it is the platform where you able to share your ideas with the world.

My first article in www.economicswithsnig1.blogspot.com is How gst works .In this article I try to focus on  the basic calculation part of G.S.T. You may also like my tax related articles also, like



Hope you like my site.

                                 thank you.

Comments

Popular posts from this blog

Tax and its types

Tax & its types Tax is a compulsory levy which government imposed on us and we are bound to pay from personal obligation without expecting of any return of service or good from the government . Tax is a public revenue. There are small distinctions between public revenue and public receipt .Public revenue is a narrower concept than public receipt. Public revenue includes income from tax, administrative revenue, tax on goods and services, gifts and grants etc.While public receipt include income from all sources, like borrowing, income from sell of asset etc. Public receipt=public revenue+income from all other sources+public borrowing from bank+income of the sale of public asset etc. Public revenue is divided in to two parts . Tax revenue and Non tax revenue. (A)  Tax revenues are 1) Tax on income, expenditure tax, corporation tax and all other taxes related to income. 2) Gift and grant tax, estate duty, wealth taxes are considered as property tax. 3)

Input tax credit

                                  After the implementation of GST it is clear to us that it is a single tax system throughout the country, replace all type of indirect taxes of states, union territories and central. In GST system there are four types of collecting tax is introduced that is SGST-tax collected by states, CGST-tax collected by central ,UGST-tax collected by union territories and IGST-collected by central government for interstate sale. That is GST eliminates the cascading of taxes that is ‘tax on tax’ system. Now the main confusion arises when the term input tax credit comes. It is closely linked with the estimation of GST system. Now, what is input tax credit? It is the credit that an individual received for the tax on the inputs used in manufacturing the product .i.e if 10% tax he paid to buy an inputs then next step when the finished product he sale, he must be subtract the amount he has paid in taxes at the time of purchase of inputs and submit th

Types of Patta or Deed of settlement prevail in India

                                                        Types of Patta               T he special lands which government holds are distributed among the landless family in four ways. So we can say that there are four types of deed of settlement or patta prevail in India. They are   1) Agriculture patta , 2)Nijo Griho Nijo Bhumi (NGNB) 3) Forest patta and 4)Refugee Patta 1) Agriculture Patta –Agriculture patta mainly given for agriculture purpose to share copper and tenant farmers.(maximum amount of land that have given   by the government is one acre, depending upon how much barga farmers actually hold.)Agriculture patta really motivates the landless farmer and encourage to implement the new technique to produce more. Before the agriculture patta where share copper bound to produce only paddy and potato for the demands of land lord .Now they are free to cultivate the new crops, like sweet potato (scientific name pachyrhizus erosus), tomato, cash crops