Glossary Terms

07

Dec'17

BOT Toll Model

  This is a PPP model for the development of highway projects. In this toll based BOT model, a road …

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07

Dec'17

Build Operate and Transfer (BOT) Annuity Model

  The BOT Annuity model is a PPP model for infrastructure projects especially road projects. Under BOT annuity, a developer …

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07

Dec'17

Hybrid Annuity Model (HAM)

  Hybrid Annuity Model (HAM) is a model designed to revive PPP (Public Private Partnership) in highway construction. HAM is …

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07

Dec'17

Redistribution

  Redistribution is the process of taking away some part of the income from the rich in the form of …

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07

Dec'17

Horizontal balance

  Horizontal balance refers to the fair distribution of tax resources and other revenues among the states and UTs.

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07

Dec'17

Vertical balance

  Vertical balance refers to the balanced distribution of tax and other resources between the central government and state governments.

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07

Dec'17

Direct Benefit Transfer

  The Direct Benefits Transfer (DBT) involves transferring the subsidy amount and other benefits (called transfers) directly to the beneficiaries’ …

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07

Dec'17

Standard GST

Standard GST The standard GST rate is that rate to be imposed on bulk of the commodities. Thus the standard …

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07

Dec'17

Grandfathering

  Grandfathering is a cluase under the General Anti-avoidance Rule (GAAR). Grandfatherign is a situation in which an old rule …

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07

Dec'17

Authority for Advance Rulings

  The Authority for Advance Rulings is an important adjudicatory body on tax matters. The Responsibility of the AAR is …

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