Issue: August 2017
 
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  Creating a Unified Taxation Regime” by T N Ashok
  GST as a landmark taxation reform and a 2nd major surgical strike on tax evaders as it brings most traders into the tax net, makes movement of commodities freer in the country
  Profiteering- a GST implementation challenge by Shri Gireesh Chandra Prasad
  The government’s biggest concern is to make sure that the consumers get the benefit of reduced tax burden on goods and services that the new indirect tax code offers.
  Creating a strong IT backbone’ by Prakash Kumar
  The article discusses about simplifying the tax compliance by providing a strong Information Technology network.
  Balancing Federal Fiscal Relations by Jayanta Roy Chowdhary
  Article discusses about the balance of power between union and states in the new tax regime of GST.
Lead Article

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Science of Today: Technology of Tomorrow

Science knows no country, because knowledge belongs to humanity, and is the torch which illuminates the world Louis Pasteur. Scientific thought and interest have been at the backbone of mankind’s advancements and progress – be it the discovery of fire, the wheel or the power of nuclear fission. Scientific temperament and an inquisitive mind are essential for the people to move forward, as only a scientific mind can enquire into situations and seek solutions. If Newton had not questioned the falling down of apple instead of going up, he would not have discovered the power of gravity. Science however is not only about abstract thoughts but also about its application in various fields impacting the common man. In science, every discovery is a permanent gain. As Eisntein said, “science of today is the technology of tomorrow”. Development is always linked with technology. Particularly in today’s knowledge based economies, science and technology are the basic pre requisites for development. Developments in science and technology are fundamentally altering the way people live, connect and communicate with each other. Scientific inventions like electricity, faster means of transport and weather forecasting systems have made life easier and better for the common man who has light at his disposal to study, travel faster for business and is pre-warned about disasters. Innovations in various sectors are helping young entrepreneurs to upgrade their skills and initiate start ups. India, a food importer at one time, is now not only self sufficient but is also able to export food items thanks to the Green Revolution. Scientific discoveries have helped farmers raise better crops at a faster pace, thus solving the problem of food shortage
 
 
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Do you know? : What is Forensic Auditing
Forensic auditing refers to the auditing with the main aim to employ accounting techniques and methods to gather evidence to investigate the crimes on financial front such as theft, fraud etc.
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