What is it about?
State level value added tax was implemented in India from the year 2005. The paper finds that it led to growth of total tax revenues of the states. It proved once again that VAT is indeed a tax machine.
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Why is it important?
Normally VAT is implemented in place of sales tax. The new tax is considered to be superior to the latter in a number of ways. The paper also finds that VAT generates more revenues than sales tax.
Perspectives
Value added tax was implemented at the state level in India with much publicity. I found it very interesting to work on this new tax.
Dr Damodar Nepram
Dept. of Economics, Manipur University, Canchipur, India
Read the Original
This page is a summary of: State-Level Value Added Tax and Its Revenue Implications in India, Margin The Journal of Applied Economic Research, May 2011, SAGE Publications,
DOI: 10.1177/097380101100500204.
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