GST Models, Single GST & Dual GST
by GST or Goods and Services Tax was implemented in India on July 1, 2017, with …
Tag: Sustainable Development
Introduction of GST in India
Goods and Services Tax (GST) is an indirect tax that was introduced in India on …
Levy and Collection of GST
Levy of GST: The Goods and Services Tax (GST) is a destination-based tax that is …
Right to impose indirect tax by Centre (Union)/State and Union Territory Governments before and after 101st Amendment of the Constitution of India
Before the 101st Amendment to the Constitution of India, both the Central (Union) and State …
Types of GST, CGST, SGST/UTGST, IGST
Under the GST regime, there are three types of taxes: Central Goods and Services Tax …
Absolute Income Hypothesis
The absolute income hypothesis (AIH) is a theory of consumption that proposes that an individual’s …
Aggregate expenditure
Aggregate expenditure is a macroeconomic concept that refers to the total amount of spending in …
Classical Macroeconomic Models
Classical macroeconomic models are theoretical frameworks used to explain the behavior of the economy as …
Concepts of propensities of Consumption and Saving
The concepts of the propensities of consumption and saving are central to understanding how households …
Consumption Function
The consumption function is a concept in economics that describes the relationship between a household’s …