Browsing by Author "Ghosh, Gangotree"

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Open Access
Effective Corporate Tax Rates and Role of Accelerated Depreciation Allowance in India
(University of North Bengal, 2015-03) Ghosh, Gangotree; Dhar, Samirendra Nath
Wide gaps between Statutory Tax Rates and Effective Tax Rates of companies in India have been observed for more than a decade and the tax base has been eroded through a steadily escalating range of exemptions. The study observes that due to these gaps there has been a substantial loss of tax revenue for the government from corporate taxes. The study examines various variables which influence Effective Tax Rates and bring to focus the role of accelerated depreciation allowance in reducing tax liabilities. Perceptions of corporate tax mangers various aspects of depreciation allowance for tax planning have also been explored in this context.
Open Access
Fiscal Incentives and Solar Power Generation in India: With Special Reference to Rooftop Photovoltaic and Small Solar Power Generation Programme (Rpssgp) Scheme
(University of North Bengal, 2022) Ghosh, Gangotree
In a fossil fuel dominated world, with a vision of net-zero emissions by 2070, India has adopted a “remove, target, and shift” approach by moving away from its heavy reliance on fossil fuel, to foster clean energy alternatives. By systematically reducing fossil fuel subsidies, the country has unlocked opportunities for investment in solar energy and upgradation of energy grid providing tax incentives and fiscal assistance. In this reformative approach Government of India has taken several initiatives for reducing the uses of fossil fuel and encouraging dependence on green energy including solar. The Solar Rooftop Scheme is an innovative program designed to encourage the extensive use of solar energy by utilizing rooftop spaces for electricity generation.The Government of India has offered direct assistance in form of generation based incentives (GBI) and indirect assistance by providing 80% depreciation allowance clubbed with 20% accelerated depreciation allowance resulting to 100% tax benefits for capital asset additions for generating solar power. In the union budget 2017 the Government has slashed down the rate of depreciation to 40% resulting only 60% of asset addition as tax benefit for initial year on the rational that investors or project developers have only focused on catering tax benefits in earlier years but later time they are not focusing on increasing efficiency. This study aims to throw light on India’s solar power potential and to examine the fiscal initiatives to promote solar power generation. The study further attempts to observe whether the accelerated depreciation scheme and its subsequent changes have impacted solar power generation in India in presence of assistance via generation based incentives (GBI. Specifically, it focuses on analyzing solar power generation data for rooftop photovoltaic systems under the Rooftop Photovoltaic and Small Solar Power Generation Programme (RPSSGP) in the periods before and after the reforms in tax incentives through accelerated depreciation scheme.
Open Access
Fiscal incentives, additional taxes and problems of management of corporate taxes in India
(University of North Bengal, 2013) Ghosh, Gangotree; Dhar, Samirendra Nath
Open Access
Indo-Bhutan trade in post GST period: An overview
(Abhijeet Publications, 2022) Ghosh, Gangotree; Paul, Ratna
The Government of India and the Royale Government of Bhutan have signed a bi-lateral free trade agreement known as "Agreement on Trade, Commerce and Transit between the Government of the Republic of India and the Royale Government of Bhutan" on 12th November., 2016 to strengthen the age old ties between these two countries, to expand the bi- lateral trade between these two countries., to curb the compliance burden associated with such bilateral trade, to facilitate benefits to people of those two countries and to boost up economic collaboration and thereby economic development. As the Indian government embarks on new Goods and Services Tax (GST) regime from July 1, Bhutan will experience two-edged consequences. Different studies have found that Indo-Bhutan trade has been influenced by the introduction of much talked Goods and Services Tax (GST). As a result of introduction of GST but a, Bhutan's imports from India are becoming cheaper, but exports to India are becoming costlier. Bhutan is worried that this may result spike in imports, depleting the country's rupee reserve. In light of existing literature and with the help of secondary data the present study is an attempt to get an overview of the present scenario regarding Indo-Bhutan Trade in post GST period and to highlight the effects of GST on this bilateral trade and thereby to raise some issues related to Indo-Bhutan trade.