Latest Essay


May 26, 2017

Essay on Goods and Services Tax (GST)

GST –
Goods & Services Tax, is a holistic indirect tax on the sale, consumption and manufacturing of goods and services in its entire product cycle i.e. from manufacturer to the consumer, throughout India.

GST, as an indirect tax for the whole country would make India a unified market by replacing taxes levied by the central & state government respectively, truly on the lines of ‘One Nation One Tax’. As a destination-based taxation system, it has been ratified by the 101st Constitutional Amendment Act. GST will be calculated only in the ‘value addition’ stage of a good or service. The end consumer will pay only their part of the tax and not the entire supply chain, which was the case earlier. A GST council has been provisioned - to be chaired by the Finance Minister of India – to decide upon any matter related to GST.

Essay on Goods and Services Tax (GST)

The GST Council is the first federal institution of India and will approve all decisions pertaining to taxation in India. It comprises all 29 states, Pondicherry, Delhi and the centre with the states having 2/3rd voting rights and the centre having the rest.

For GST, the highest tax slab is fixed at 40% with other slabs at 0%, 5%, 12%, 18% and 28%.

GST incorporates the following taxes earlier levied at the center and state level.

State Level:

• Entry Tax & Octroi
• Luxury Tax
• Purchase Tax
• Entertainment Tax
• Sales Tax
• Lottery/Betting/Gambling Tax
Center Level:

• Service Tax
• Countervailing Duty
• Special Additional Customs Duty
• Central Excise Duty
• Additional Excise Duty

GST is envisaged to bring in benefits to the Central & State Governments, consumer and the business class. These are as follows.

Central & State governments:

• Simple & Easy to administer
• Higher Revenue Efficiency
• Better control on leakage Consumer:
• Relief in overall tax burden
• Tax Democracy – Basic goods to be tax free & luxury items to be taxed more
• Single GST will help lower inflation Business Class:

• Increasing tax compliance leading to ease of doing business
• Enhanced investments & better decision making in a less uncertain tax environment
• Increased competitiveness due to reduction in transactional cost
• GST expected to raise GDP by 2% points GST implementation is based on the following principles:
• Centre to levy & collect Central GST
• For supply of goods & services within a state, states to levy & collect State GST
• Centre to levy the Integrated GST on the interstate supply of goods & services, and apportion state’s share of tax to the state where the good or service is consumed.
• Any revenue loss to the state owing to GST implementation will be compensated by the Parliament.

GST will be applicable across India w.e.f 1st July, 2017. There are some unresolved issues (taxation for certain items, confusion regarding the consumption location, multiple tax rates & brackets, decision criteria for the tax bracket etc.,) which will most probably be resolved by consensus within the GST council.

For more information watch government website here :https://www.gst.gov.in/

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May 19, 2017

Essay on Natural Resources For Grade 6

As Gandhi said that there is enough of Earth for men need but not for its greed. The saying goes very well with Natural Resources. These are the assets to the mother earth and boon to the humanity development only if you understand the real worth.

Essay on Natural Resources

The natural resources are available on earth since its origin and involve no human interventions and hence are priceless but available in limited amount. The land, water, minerals, plants, sunlight, wind and many more resources as such fall in this category. Depending upon its origin, they are divided in two categories biotic (fossil fuels and organic matter) and abiotic (Sun, wind, land, etc). Renewable natural resources can be replenished naturally and include sunlight, wind, land, etc. Whereas non-renewable natural resources like coal, minerals take million of years to be formed. Hence it is always suggested to use the available resources judicially so as to make it facilitated for future generations as well.

The major concern of the present is the reckless use and exploitation of these resources. Day by day the depleting layer of it is the whopping question on the existence of the future earth. The increase in pollution and population both are leading towards miserable consequences. Though, if we learn to make a smart and judicious use of resources, keeping aside the greed, the durability can be enhanced.

In the race of advancement and modernity the nature has always been harmed and it’s high time to realize to what extent these resources are needed to be utilized.

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May 12, 2017

Essay on 'Importance of Moral' for Grade 5

Morals are of great importance in one's life and his behaviors with other human beings, but they outweigh the importance of the need for food and drink; because good character and manners with others determine the course of one's life.

Since the relationship in this world is inevitable; however, the man who deals with others well, he will be happier, if he strictly follows the good deeds and have fear of God. Fear of God is such a factor that throw out the unwanted proud, anger, hatred etc from the mind of human beings.

Whatever the extent of human and greatness, he will not be on the right track and will not be happy in the unless he has dignified morals. When we talk about morals, we don't talk about the myths and some stories that do not affect our daily lives, but we are talking about substantial and vivid applications to change our individual and collective behavior at the same time. Therefore, the virtuous morals build nations and make them coherent socially and culturally.

To sum up, the deteriorating and bad morals not only destroyed nations and weaken them, but also turn them into a paralyzed, incoherent and weak nation in most aspects of life.

238 Words Essay by : Kareem Ghawi Abbas
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May 5, 2017

Essay on IPL Indian Premier League Cricket T20

Indian Premier League – The Journey of an Adventure

Setting a legendary milestone in the world of a sport like cricket, the BCCI created Indian Premier League. The exact combination of sports and entertainment to its fullest as to attract most of the audiences even the ones who have never watched cricket before the beginning of IPL in 2008. Many like I myself have learnt the details of a cricket match from first IPL held in 2008. From then till today, we have been travelling equivalently with the Indian Premier League for so many years now. 2017 makes it the 11th for our very own and much celebrated Indian Premier League.

Essay-on-IPL-Indian-Premier-League-Cricket-T20
How was it so easy for the IPL to win over the diverse amount of people?

Indian Premier League was the one of its kind ever held in India. It is an Indian League of Cricket with 20/20 cricket matches between different states of India. However each team consisted of players from different countries. There were a number of famous entrepreneurs who started 8 teams. Names of all the remarkable players were put in the list to be put in the auction and just like an auction functions, they were bid for and the highest bidder had him in his/her team. A few teams were owned by Bollywood stars like Shah Rukh Khan, Preity Zinta, Shilpa Shetty and many more. This resulted into obvious maddening popularity of the games. This strikingly unconventional way was one of the strongest attractions for the people. It’s crisp and light hearted ways and a short span of games were really the best way to engross the maximum number of public to watch it. An increased number of celebrated matches and 11 seasons of IPL, beginning from 2008, to the running IPL 2017 were the consequences of the gigantic operation that took place in 2008.

The humongous story of IPL has its beginning at the declaration of the league of matches in 2008. The 1st season of IPL begun in the month of April, with the winner to be the Rajasthan Royals (Rajasthan) proved itself to be quite an effect on the spectators of the matches. The mass intrigue was cherished and way more matches were to come in a row for them. In 2009 the winners were Hyderabad Deccan Chargers followed by Chennai Super kings in 2010 and 2011. The next year in 2012 the cup was achieved by Kolkata Knight Riders who again become the champions in 2014. In 2013 The Mumbai Indians walked away with grandeur and victory followed by 2015 where they again repeated their victory. Finally in 2016, The Sunrisers Hyderabad won the cup of victory. This year in 2017, The Indian Premier League is still going on full-fledged at different grounds in India.

How does IPL contribute to Indian and World Cricket?

IPL has been an trend since it has begun. This is one of the biggest examples in the history of friendly cricket and entertainment, all put together in the same little box and wrapped inside joyous surprises.

The future of IPL as seen by the general survey are Confirming the popularity of 20/20 cricket on a worldly basis. The increasing volume of cricket enthusiasts across the world. Setting a new trend in friendly matches. And finally, it might create the largest sphere of business surrounding cricket and similar crisp entertainment.

IPL has proved itself to be the easiest medium to indulge the youth and even the elder mass into watching cricket, thus helping in uniting the people of the country by breaking all the barriers of general diversities.

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