top of page

Economics

.

Quantitative Aptitude

Business Economics

Financial Management

.

.

Strategic Management

.

.

*Strategic Public Finance

SPF 1 Introduction to Public Finance

Traditional - Obtaining  and applying  the  material  means  necessary  for  fulfilling the  proper  functions  of  the  State. [Carl C. Plehn (1911)]. The study comprises public expenditure, public revenue, public debt and financial administration.

Modern - Public finance deals with the economics of public sector and the importance of public sector lies in the fact that the market mechanism alone cannot perform all economic functions [R. A. Musgrave (1973)]. Fiscal function comprises: Allocation of public goods, Distribution of income equitably and Stabilization of economy.

Strategic - Public Finance comprises any revenues or expenditures passing through state budgets, derived from whatever source and however spent [S. J. Bailey (2004)]. Public finance gives effect to the constitutional relationship between state and citizen.

SPF 3 Indirect Taxes (Customs, GST, VAT & Excise)

Goods & Services Tax

Custom Duty

Bihar Prohibition and Excise Act, 2016

Bihar Electricity Duty 1948

Bihar Settlement of Taxation Disputes Act 2024

Finance Act 2001 levying National Calamity Contingent Duty (NCCD)

Reference

bottom of page