Glossary Terms

06

Dec'17

Impermissible Avoidance Arrangement

  An impermissible avoidance arrangement is the one that attracts general anti-avoidance measures as per the GAAR provisions. Such arrangements …

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06

Dec'17

Project SAKSHAM

  ‘Project SAKSHAM’, is a New Indirect Tax Network (Systems Integration) of the Central Board of Excise and Customs (CBEC). 

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06

Dec'17

Project Insight

  Project Insight is an income tax department initiative to monitor high value transactions.

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06

Dec'17

E-way bill

  E-way bill is an electronic way bill for movement of goods which can be generated on the GSTN portal. …

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06

Dec'17

GSTN

  The Goods and Services Tax Network (GSTN) is a non-government non-profit private limited company created for providing the front …

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06

Dec'17

External Debt

  External debt of India refers to the debt owed by the residents of India and the governent to foreigners. …

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06

Dec'17

Escape Clause (FRBM)

  Escape clause refers to the situation under which the central governent can flexibily follow fiscal deficit target during special …

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06

Dec'17

Public Debt

  Public debt is the debt owed by the government. Debt position of the government of India is expressed in …

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06

Dec'17

Fiscal Consolidation

  Fiscal consolidation is a process where government’s fiscal health is getting improved and is often indicated by declining fiscal …

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06

Dec'17

Compensatory Fiscal Policy

  JM Keynes recommended compensatory fiscal policy to counter recession. During recession, private expenditure in the form of consumption and …

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