Goods and Services Tax (GST) : Impact on the Indian Economy
Edited by Dr. Anjali Agarwal.
xxii, 200 p. ills. 23 cm.
Place & Publisher
1st ed. New Delhi, New Century Publications.
US $ 39.50
US $ 35.60
(With Free Regd. Airmail Deliveries)
"National level goods and services tax (GST) is India's most ambitious
indirect tax reform. Its objective is to levy a single uniform tax across
India on goods and services. GST, as and when implemented, would replace a
number of Central and State taxes, making India more of a national
integrated market, and bring more producers into the tax net.
The current structure of taxes on goods and services is higly complex,
leaky (riddled with exemptions), and characterized by a complicated rate
structure. There are parallel systems of indirect taxation at the Central
and State levels. Each of the systems needs to be reformed to eventually
The changeover to GST, it is claimed would significantly contribute to the
buoyancy of tax revenues, acceleration of growth, and generation of many
To facilitate the introduction of GST, the Lok Sabha passed the 122nd
Constitutional Amendment-Goods and Services Tax Bill on May 6, 2015. Rajya
Sabha passed the same Bill with 9 amendments on August 3, 2016. Lok Sabha
passed the modified Bill on August 8, 2016, approving all the 9 amendments
by the Rajya Sabha. Currently, the hope is that GST will be implemented
from April 1, 2017.
The present edited volume contains 19 research articles (divided into 5
sub-themes or parts) authored by experts in the field of publc finance.
This volume scrutinizes GST from various points of view. GST has how been
implemented in 160 countries and case studies have been provided in this
vouleme for an effective comparision. The detailed impact of GST on
consumer, businessman, government, individual sectors/industries and
national growth, along with a comparative analysis of GST with current
indirect taxes, has also been presented.
These contributions provide deep insights into various aspects of GST and
would add, constructively, to the raging debate in the country on the
implications of the game-changinf tax reform."
About the Book
About the Editor
Major Milestones in the Journey of GST
1. GST : The Awaited Tax Reform
2. GST : The Less Contested Problems
3. GST : The International Experience
4. GST : Implementation and Implications
5. GST : Political Challenges
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