If the SGST rates are not allowed to vary from state to state with some provision for entry tax, the fiscal autonomy of the states might be compromised forever. A Structural Equation Modeling Study views since: The introduction of GST will only lead to changes in the structure of indirect tax. academic writing needed non Evidence from India views since:
Almost all other indirect taxes—except custom duty collected by the central government, and duty on petroleum, electricity, and alcohol, levied by the state governments—are supposed to be subsumed under the GST to simplify the tax system and to relieve producers and suppliers from paying multiple indirect taxes. Some economists argue that the direction of expenditure policy should be made pro-poor but the tax policy should not be necessarily based on equity principle. write my history essay bid Also, the government should take the required extra steps for enhancing growth and keeping inflation in check as implementation of the GST, per se, would not necessarily help in achieving these objectives. The rationale for having uniform tax rates in order to harmonise the tax base or for a harmonised tax system is not very clear. The current system taxes production, whereas the GST will aim to tax consumption.
GST was planned to be implemented in April , but was postponed due to political issues and conflicting interest of stakeholders. This would happen because the propensity to consume in general is higher for the poorer people than for the rich. thesis writing in pakistan quiz questions The current system taxes production, whereas the GST will aim to tax consumption.
Essay review service tax 2017 help in writing gif 2018
An assessment of the base. Given socio-economic, political, historical, cultural and linguistic diversity, India can remain united as a federal democracy only if the autonomy of states is valued. But, if the proposed tax policy is surely inequality creating and demand contractionary, then, by this logic, the pro-poor expansionary expenditure policy should be made a precondition for its implementation! Are there trade-offs involved in the process?
Call for Papers - Civil Eng ineering. The introduction of GST will only lead to changes in the structure of indirect tax. Therefore, the average price level is likely to increase and not reduce under the GST regime, which in turn, would aggravate inequality. Email the author Login required.
- hiring a writer zimmer frame
- best essay writing service online essays
- free online dissertation checker
- custom essay paper upsc 2015 in hindi
- creative writing service for dummies
Best way to write an essay for ielts
Communication is considered to be necessity and one cannot do without communication. Also, the government should take the required extra steps for enhancing growth and keeping inflation in check as implementation of the GST, per se, would not necessarily help in achieving these objectives. online essay writer mills Moreover, the proposed regime seems to ignore the emerging sector of e-commerce. The calculation of RNR for the central government should be done separately for determining the CGST rates, which would be uniform across all the states. If there is no improvement in these factors , the compliance may even deteriorate after the introduction of GST.
Goods and Services Tax Council. Call for Papers - Civil Eng ineering. hire essay writing quaid e azam in english for class 3 Home Publications Conferences Register Contact. But, if the proposed tax policy is surely inequality creating and demand contractionary, then, by this logic, the pro-poor expansionary expenditure policy should be made a precondition for its implementation!
Visit for more related articles at Business and Economics Journal. Basic concepts and features of goods and services tax in India. business plan writers nyc jose ca November 20, Citation:
Cheap custom writing t shirts no minimum
But, if the proposed tax policy is surely inequality creating and demand contractionary, then, by this logic, the pro-poor expansionary expenditure policy should be made a precondition for its implementation! The Theory of Public Finance: Another obvious trade-off is related to the question of making tax rates uniform across the states and the fiscal autonomy of the states. The calculations of the revenue neutral rates depend on various assumptions. Bagchi mentions that in New Zealand, where the GST was introduced in , the trade-off involved in choosing between the imperatives of fostering a common market and the need to preserve the fiscal autonomy of the subnational governments was historically evident.
More than countries have implemented GST so far. There appears to be certain loopholes in the proposed GST tax regime which may be detrimental in delivering the desired results. Given, any degree of progressiveness in direct taxation, if the proportion of indirect tax collection increases relative to direct tax revenue in the economy, clearly, the degree of inequality would rise. Guidelines Upcoming Special Issues.
Goods and services tax in India: However, there is no consensus regarding the calculation of RNRs, which is of utmost importance. Is everything necessarily rosy about the GST? Under this system, the consumer pays the final tax but an efficient input tax credit system ensures that there is no cascading of taxes- tax on tax paid on inputs that go into manufacture of goods [ 2 ].