Present State of Goods and Services Tax (GST) Reform in India

Sacchidananda Mukherjee

Working Papers from eSocialSciences

Abstract: There are several challenges before introduction of GST and these can be classified into two broad heads – a) GST Design and Structure related, and b) GST Administration and Institutional. On design related issues, broad consensus on choice of revenue neutral rates (RNRs), harmonization of GST rate(s) across States, harmonization of list of exempted and excluded goods and services and thresholds for mandatory GST registration across States are yet to be reached. Similarly, there are several issues involved in tax administration (between Central and State Tax Administrations and also across State Tax Administrations) which are not yet solved. Taking cognizance of discussion available in the public domain this paper attempts to provide a broad contour of the proposed GST regime and highlights major challenges which require immediate attention of the Governments.

Keywords: Goods and Services Tax; Value Added Tax; Design and Administration of Taxation; Fiscal Federalism; Indirect Taxation; India; GST; state; Revenue Neutral Rates; RNRs; Centre; fiscal space; consumptio (search for similar items in EconPapers)
Date: 2015-09
Note: Institutional Papers
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Citations: View citations in EconPapers (4)

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Working Paper: Present State of Goods and Services Tax (GST) Reform in India (2015)
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