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Vat And Gst In India - A Note
Published in SAGE Publications
2012
Volume: 16
   
Issue: 1
Pages: 80 - 87
Abstract
One of the most widely debated issues in indian public finances in current times is undoubtedly the proposed Goods and Services Tax (GST). Perceived as the 'biggest tax overhaul since independence' GST promises to fuel overall economic growth and increase tax revenue of the government to a great extent by removing all the impediments that the financial system had been hitherto subject to. This short note starts off by providing a somewhat candid analysis of the present system of VAT which has been in effect since 2005 and then goes to explore certain critical issues related to GST, its prospects and problems and how it can usher in a new era of government finances of the country.
About the journal
JournalData powered by TypesetParadigm
PublisherData powered by TypesetSAGE Publications
ISSN0971-8907
Open AccessNo