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Demonetization: - Its impact on tax structure, tax collection & bank structure

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To curb corruption, black money, existence of parallel economy, counterfeit currency, terror funding, the Indian government launched Demonetization on November 8th 2016.High value currency notes of denominations 500 and 1000 ceased to be a legal tender from the stroke of midnight of November 9,2016 .These currency notes(also referred to as specified bank notes-SBNs) formed 86% of the total currency in circulation. The objective of this paper is to analyze the macro impact of demonetization on various aspects of the economy- tax structure,inflation,growth rate.this study will help us to know about positive and negative impact of note ban decision taken by Indian government ,the effect of demonetization create so many hurdles for the citizen of India. It is the combination of demonetization, goods and service tax, and the real state regulatory authority (RERA) that has seen work in the sector come to a halt.

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Demonetization, Indian government, tax collection, macro impact.

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"Demonetization: - Its impact on tax structure, tax collection & bank structure", International Journal of Emerging Technologies and Innovative Research ( | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 2, page no. pp267-268, February-2018, Available at : &

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Published Paper ID: JETIR1802038
Registration ID: 180222
Published In: Volume 5 | Issue 2 | Year February-2018
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Page No: 267-268
ISSN Number: 2349-5162

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UGC and ISSN Approved Journal | Call For Paper
(Volume 5 | Issue 2 | February 2018 |Impact factor 5.87)

Call For Paper | Volume 5 | Issue 2 | Impact factor 5.87

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  • » Paper Publish:Within 02-07 Days after submitting the all documents.
  • » Frequency: Monthly (12 issue Annually)
  • » Journal Type : Open Access
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