International Research Journal of Commerce , Arts and Science

 ( Online- ISSN 2319 - 9202 )     New DOI : 10.32804/CASIRJ

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VALUE ADDED TAX IN INDIA- ASPECT OF REVENUE IMPLICATIONS

    1 Author(s):  MR. SULTAN SINGH

Vol -  11, Issue- 11 ,         Page(s) : 38 - 50  (2020 ) DOI : https://doi.org/10.32804/CASIRJ

Abstract

This paper will explore the revenue implications of introduction of value added tax in India. The VAT has been implemented in India at center since 1986 but initiation of it at state level has been more debatable on account of partial loss of state autonomy over taxation and its implications for states tax revenue. Although empowered committee of state finance ministers has argued that VAT will be revenue neutral and will not have any adverse impact on sub-national tax structure, but our study does not confirm the view of VAT proponents.

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