International Research Journal of Commerce , Arts and Science
( Online- ISSN 2319 - 9202 ) New DOI : 10.32804/CASIRJ
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AN ANALYSIS OF THE PRINCIPLES UNDERLYING THE FRAMEWORK OF GOODS AND SERVICES TAX IN INDIA
1 Author(s): NEERAJ SHARMA
Vol - 8, Issue- 7 , Page(s) : 42 - 50 (2017 ) DOI : https://doi.org/10.32804/CASIRJ
Tax Policies play a significant role in the economy through their impact on both efficiency and equity. To reduce the complexity, the significant thing is , there should be no difference between goods and services for the purpose of tax. As far as the equity issues are concerned it is stressed that it is better to rely on horizontal equity rather than vertical one.