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27/12/2019 - Government Policies

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December 27, 2019

Will the recently launched Atal Bhujal Yojana resolve the problem of depleting ground water resources in the country? Critically Analyse (200 Words) 

ReferThe Indian Express

Enrich the answer from other sources, if the question demands.

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IAS Parliament 5 years

KEY POINTS

·        Compensation cess was introduced as a relief for the loss of revenue states would incur due to the implementation of GST.

·        Since the states have given up their powers to collect certain taxes on goods and services, they were guaranteed a 14% tax revenue growth in the first five years after GST implementation.

·        The compensation cess was to be provided to states till July 1, 2022. States’ tax revenue as of FY16 was taken as the base year to calculate this 14% growth.

·        Any shortfall was supposed to be compensated by the Centre, using funds specifically collected as compensation cess.

·        There are delays in passing on the money to the states which are due to slippage in collections under GST.

·        Given that the states have a constitutional right to the compensation, they tend to be complacent in trying to collect GST revenue.

·        The states should support the Centre in the implementation of GST to curb tax evasion. This will ensure that the government’s tax revenues—and, therefore, automatically that of the states—go up.

·        For example, the decision, taken in the recent GST council meeting, to block the e-way bill facility on non-filing of two consecutive GSTR-1 returns should definitely go a long way in increasing tax compliance.

·        Besides the effective implementation of the recent proposals of the GST council meeting, states should support the Centre on other critical proposals such as e-invoicing to curb the fraudulent availment of input tax credit.

·        Also, states should take a cue from the Centre and introduce amnesty schemes under VAT/ Entry tax, so that any blocked revenues that are under litigation would also flow into their coffers. These measures will also help the states reduce dependency on the Centre.

Chinna 5 years

Kindly review... thank you...

IAS Parliament 5 years

Try to elaborate on the criticisms of the scheme. Keep writing.

Vendhan 5 years

Tn ku

IAS Parliament 5 years

Try to focus on the criticisms of the scheme. Keep writing.

Shivangi 5 years

Please review.

IAS Parliament 5 years

Try to focus on the criticisms of the scheme. Keep writing.

Akira 5 years

KINDLY REVIEW, THANK YOU! 

IAS Parliament 5 years

Try to elaborate on the criticisms of the scheme. Keep writing.

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