Exploring great things

I ndia’s tax regime depends heavily on indirect taxes. Revenue from indirect taxes is the major source of tax revenue for the government of India. The dependence on indirect tax for India is due to the fact that its majority of population is poor and so there are inherent limitations in widening the base of direct taxes. The government of India is , therefore, inclined to widen the base of indirect taxes in the form of GST. G ST stands for ‘ goods and services tax ‘ and is proposed to be comprehensive indirect tax on manufacture, sale and consumption of goods as well as services at the national level. The proposed GST contains all the indirect taxes levied at central and state level. The central taxes like central excise duty, central sales tax, custom duties will all be subsumed in GST. The state level taxes like vat tax, entertainment tax, taxes on lottery, entry tax, luxury tax, advertisement tax and taxes on interstate transportation of goods all will be subsumed with GST...

Ram Janma Bhoomi is the birthplace of Lord Rama, the 7th avatar of the Hindu deity Vishnu. It is situated on the banks of the river Sarayu in the city of Ayodhya in Uttar Pradesh state of India. According to the history, Mughal Emperor Babar demolished an old temple at Ram Janmabhoomi and built a mosque in its place. The mosque was named as ‘Babri Masjid’ after the name of Babar. This Babri Masjid became a spot of dispute between Hindus and Muslims. The political, historical and social-religious debate over whether a temple was demolished to create mosque , has become an hot issue as ‘Ayodhya Dispute’. The dispute started in 1855 between Hindus and Muslims over the possession of the Babri Masjid. The British administration in 1859 constructed railways to split the place of worship. Inner area was allowed for Muslims and outer for Hindus to worship. It continued for about 90 years. In 1949 , suddenly an idol of lord Rama appeared inside the mosque. Hindus claimed it as ...