Lessons from optimal taxation theory for the GST and beyond

Sushama Murty ()

Centre for International Trade and Development, Jawaharlal Nehru University, New Delhi Discussion Papers from Centre for International Trade and Development, Jawaharlal Nehru University, New Delhi, India

Abstract: This paper studies the new GST from the perspective of some key results in the theory of optimal taxation. A review of these findings and a study of their applicability to India leads us to the conclusion that, while the GST is a major overhaul and rationalisation of the existing commodity tax structure in India, to tap its full fiscal potential in meeting redistributive goals and increasing the tax-GDP ratio, major reforms are also required in the coverage and design of direct taxation (including personal income and corporate profit taxation) and direct redistributive transfers in India.Length: 21 pages

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