Posts

History of India: The Timeline

Image
India has one of the richest histories in the world, and therefore is also one of the very vast ones. Indian history is divided into three periods: Ancient period (25 th century BC- 7 th century AD), Medieval period (7 th C. AD- 1707) and modern period (1707-1947). There had never been a clear cut or a complete break from one period to another, but the transition was taken on account of certain vital changes in the nature of state. For example: changes that led to the medieval period from ancient can be attributed to the coming of the Muslims in India and also the change in the caste system in the post-Gupta period; change that led to the modern period from medieval can be attributed to the death of Aurangzeb and the eventual emergence of the European powers.  In this article, I will try to provide some of the most important events of the Indian history in chronological order, and also with fair explanation on certain events. And since it takes ages to complete the entire ...

GST (India): An Overview

Image
The whole nation has been talking about GST- what it is, what its pros and cons are, whether it is better than the conventional tax system- ever since the beginning of the year and even more after its roll out in the country on 1 st July, 2017. Here we will peek into GST with a general perspective based on facts and figures. WHAT IS GST? The Goods and Services Tax (India) is a single comprehensive and destination-based indirect tax system that would replace the conventional cascading taxes levied upon by the central and state governments. It is the biggest indirect tax reforms in the country ever since its inception. It is introduced to get rid of, or more appropriately, to combine several indirect taxes like central excise tax, additional excise tax, Value Added Tax(VAT), service tax, sales tax and  additional customs tax. GST AROUND THE WORLD : The first country in the world to implement GST was France, in the year 1954. The Value Added Tax, as is called in France and ...