LAND UTILIZATION Land is a scarce resource, whose supply is fixed for all practical purposes. At the same time, the demand for land for various competing purposes is continuously increasing with the increase in human population and economic growth.Land use pattern at any given time is determined by several factors including size of human and livestock population, the demand pattern, the technology in use, the cultural traditions, the location and capability of land, institutional factors like ownership pattern and rights scale regulation. Major Types of Land Utilization in India : As in all other countries, land in India is put to various uses. The utilization of land depends upon physical factors like topography, soil and climate as well as upon human factors such as the density of population, duration of occupation of the area,land tenure and technical levels of the people.There are spatial and temporal difference in land utilization due to the continued interplay of phys...
RESERVE CHARGE MECHANISM
Reserve charge mechanism under GST is a mechanism where the receipts of goods or services is liable to pay or deposit GST instead of the supplier.
It is seen that GST which the supplier charges from the buyer and then he deposit it with GST. But in some of the cases, it is buyer who needs to deposit the GST with Government and he is the one who bears the burden of taxes also. This mechanism is done for operational reasons.
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