Evolution of Goods and Services Tax in India
By: Rao, Kavita R | Mukherjee, Sacchidananda.
Publisher: Cambridge Cambridge University Press 2019Description: xv, 200p.ISBN: 9781108473965.Subject(s): Tax -- Law and legislation -- Good and Service Tax -- IndiaDDC classification: 343.540552 Summary: Goods and Services Tax (GST) was implemented in India in July 2017, after four decades of protracted deliberations amid critical socio-economic and political challenges. GST is a comprehensive multistage value-added tax (VAT) on goods and services where both central and state governments share the same tax base. Finding a suitable design for GST that encompasses taxes from both the centre and the state tax brackets makes the Indian GST unique among GST implemented in other federal countries. This book is a study of the evolution of GST in India since the Report of the Indirect Taxation Enquiry Committee of 1977. It studies the following issues on GST: a) inclusion and exclusion of taxes, b) finding a suitable mechanism to handle inter-state transactions, c) finding revenue neutrality of the tax reform, d) providing compensation to states for any possible loss of revenue due to its adoption, and e) possible scope for coordination in GST administration.| Item type | Current location | Call number | Status | Date due | Barcode |
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NASSDOC Library | 343.540552 RAO-E (Browse shelf) | Available | 50478 |
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| 343.097 SAC-; International transportation: law of carriage by air | 343.4109944 MUR-I Information Technology Law | 343.540252 RAM-L Legislating for Justice | 343.540552 RAO-E Evolution of Goods and Services Tax in India | 343.5407 ECO- Economic analysis of law in India: theory and application | 343.5407 MAR-R Regulation and development: the Indian policy experience of controls over industry | 343.5407 MAR-R Regulation and development: the Indian policy experience of controls over industry |
Goods and Services Tax (GST) was implemented in India in July 2017, after four decades of protracted deliberations amid critical socio-economic and political challenges. GST is a comprehensive multistage value-added tax (VAT) on goods and services where both central and state governments share the same tax base. Finding a suitable design for GST that encompasses taxes from both the centre and the state tax brackets makes the Indian GST unique among GST implemented in other federal countries. This book is a study of the evolution of GST in India since the Report of the Indirect Taxation Enquiry Committee of 1977. It studies the following issues on GST: a) inclusion and exclusion of taxes, b) finding a suitable mechanism to handle inter-state transactions, c) finding revenue neutrality of the tax reform, d) providing compensation to states for any possible loss of revenue due to its adoption, and e) possible scope for coordination in GST administration.
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