Journal Press India®

National Level Goods and Services Tax (GST): Towards Cooperative Federalism

Vol 2, Issue 2, July - December 2015 | Pages: 1-13 | Research Paper  

 
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https://doi.org/10.17492/vision.v2i2.10177


Author Details ( * ) denotes Corresponding author

1. * M. M. Sury, Formerly Economic Advisor – Delhi State Finance Commission, Formerly Reader, University of Delhi, Delhi, India (mmsury43@gmail.com)

The GST has been an initiative that has commanded broad consensus across the political spectrum. It has also been a model of cooperative federalism in practice with the Centre and states coming together as partners in embracing growth and employment-enhancing reforms. It is a reform that is long awaited and its implementation will validate expectations of important government actions and effective political will. Given the historic opportunity afforded by the GST, the aim should be to clean up an Indian tax system that has effectively become an exemptions raj with serious consequences for revenues and governance. By improving efficiency as well as revenues, GST can add substantially to growth as well as helping government finances.

Keywords

Goods and Service Tax, Federalism, Value added tax, State taxes

  1. Government of India. (2006-07). Ministry of Finance, Budget Speech of the Finance Minister, 2006-07, Part B.
  2. National Council for Applied Economic Research. (2009). Moving to Goods and Services Tax in India: Impact on India’s growth and international trade.
  3. Pomeranz, Dina. (2013). No Taxation without Information: Deterrence and Self-Enforcement in the Value Added Tax. Harvard University and NBER.
  4. JPS Associates (2011). Economic Cost of Inter-State Barriers in Goods Traffic.
  5. Government of India. (2012-17). Planning Commission, Twelfth Five Year Plan (2012-17), Vol. I, Chapter 1.
  6. Government of India, Ministry of Finance, Budget Speech of the Finance Minister, 2013-14.
  7. Government of India, Ministry of Finance, Budget Speech of the Finance Minister, 2014-15.
  8. Government of India, Ministry of Finance, Budget Speech of the Finance Minister, 2015-16, para 96.
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