GST in India: Chasing a Mirage or Reality?
Published By: National Institute of Public Finance Policy, NIPFP | Published Date: August, 03 , 2016India is moving towards introducing a Goods and Services Tax (GST). The GST
would be a multistage comprehensive value added tax (VAT) encompassing both
goods and services. Given the federal structure of India and the fact that taxation
powers have been constitutionally assigned to different governments, the
introduction of a GST will be a major indirect tax reform since Independence.
Both the federal and state governments will have concurrent taxation rights at
every stage of production and distribution. [NIPFP One pager No. 23].
Author(s): Sacchidananda Mukherjee | Posted on: Aug 09, 2016 | Views() | Download (633)