Goods and Services Tax (GST) in India

B. Viswanathan

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Langue : anglais

Edité par New Century Publications, 2016

8177084291 / 9788177084290

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Restructuring of the tax system has constituted a major component of fiscal reforms in India initiated since 1991. The main focus of the tax reforms has been on simplification and rationalization of both direct and indirect taxes with the objective of augmenting revenues and removing anomalies in the tax structure. Tax reforms in recent years have brought the tax system much closer to international tax practices. In the 2016-17 Union Budget, gross tax revenue of the Government has been estimated at ` 16,30,888 crore. Out of this, the share of taxes on goods and services (customs, excise and service tax) is ` 7,83,791 crore (48.1 percent) while the remaining ` 8,47,097 crore (51.9 percent) is contributed by direct taxes (corporation tax and income tax). The current structure of taxes on goods and services in India is highly complex, leaky (riddled with exemptions), and characterized by complicated compliance procedures. The strategy of the Government in respect of indirect taxes is to continue the tariff reforms process towards mean Asian levels of customs tariff, convergence towards a single rate of excise duty (with some exceptions), widening of service tax base and a phased move towards a fully-integrated goods and services tax (GST). National level GST is a part of the proposed tax reforms to evolve an efficient and harmonized consumption tax system in the country. Presently, there are parallel systems of indirect taxes at the Central and State levels. Each of the systems needs to be reformed to eventually harmonize them. This book traces the evolution of taxation of goods and services (indirect taxes) in India during the post-Independence period. More importantly, it analyzes the present structure of indirect taxes and the harmonization measures undertaken by the Government in this regard. It also examines and sets forth core issues pertaining to the proposed national level GST which is expected to be rolled out in the near future.

N° de réf. du vendeur 118776

Titre
Goods and Services Tax (GST) in India
Auteur
B. Viswanathan
Éditeur
New Century Publications
Année de publication
2016
État de l'article
New
Reliure
Hardcover
Langue
anglais
ISBN à 10 chiffres
8177084291
ISBN à 13 chiffres
9788177084290
Édition
1st Edition

Vedams eBooks (P) Ltd

New Delhi, Inde

Vendeur avec une évaluation de 4 étoiles

Vendeur AbeBooks depuis 30 janvier 2009

Frais d'expédition de Inde vers Etats-Unis

Article20 à 24 jours ouvrés4 à 7 jours ouvrés
Premier articleEUR 17,50EUR 32,00
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