gst in india  


VAT Service Tax India
Service Tax New Delhi
Central Excise and Service Tax
Service Tax Cenvat
Service Tax Exemption
Service Tax Tribunal

Justification of GST
Preparation for GST
Purchase Tax of GST
GST Rate Structure
VAT at the Central & State level
Goods & Services Tax Model For India
Central and State Taxes under GST
Special Industrial Area Scheme
Inter-State Transactions of Goods
Rules for CGST and SGST
Implementation of GST

GST NBFCs - Production of services

At this juncture, it is important to examine the ‘factors of production’ which determine the production mechanism. Historically, the factors of production have been determined to as the resources employed to produce goods and services. They facilitate production but do not become part of the product. These are generally classified into four major groups (a) Land (including all natural resources), (b) Labor (including all human resources), (c) Capital, and (d) Enterprise (which brings all the others together for production).

The role of an NBFC, in the overall production mechanism, can be split into two distinct parts; first is its actual active involvement in the production of financial services and second is its role as a provider of one of the factor of productions ie capital to the actual production of both goods and services.

In majority of cases, these roles are intrinsically intertwined with each other.

 

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