 Revenue Implications of GST on Indian State FinancesChapter Chapter 6 in India’s Contemporary Macroeconomic Themes, 2023, pp 123-151 from Springer Abstract: Abstract Assessing the revenue implications of GST on Indian state finances cannot be contained to compare the revenue stream which is subsumed into GST with State GST collection alone. Since GST subsumes many taxes from state tax bases, comparing the revenue performance of taxes which are outside the GST framework would be equally important. Moreover, in the federal system revenue implication of shortfall in tax collection of the federal government is also likely to spill-over to sub-national finances in terms of lower tax devolution. Sustaining revenue streams of state governments is important for sustainable Public Finance Management (PFM) and therefore a comprehensive assessment of state finances before and after GST would be important. This paper attempts to fill the gap in exiting literature by assessing the revenue of 18 major states during pre- and post-GST periods. Keywords: Revenue assessment; Goods and services tax (GST); State finances; Revenue protection; GST compensation; India; H20; E62; H26 (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:isbchp:978-981-99-5728-6_6 Ordering information: This item can be ordered from DOI: 10.1007/978-981-99-5728-6_6 Access Statistics for this chapter More chapters in India Studies in Business and Economics from Springer |
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