Some aspects of value added tax in Indian economy
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Some aspects of value added tax in Indian economy

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Published by Indian Institute of Management in Ahmedabad, India .
Written in English



  • India.


  • Value-added tax -- India.

Book details:

Edition Notes

Statementby Bakul H. Dholakia.
SeriesWorking paper ;, W.P. no. 1274, Working paper (Indian Institute of Management, Ahmedabad) ;, W.P. no. 1274.
ContributionsIndian Institute of Management, Ahmedabad.
LC ClassificationsMicrofiche 95/60543 (H)
The Physical Object
Pagination12 leaves
Number of Pages12
ID Numbers
Open LibraryOL952934M
LC Control Number95910512

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India has a national Value-added tax (VAT) of 12% as of , administered by the. Visit this page for an executive summary of India's tax structure and rates, by SalesTaxHandbook. 1. To study the concept of Goods and Services Tax (GST) and its impact on Indian Economy. 2. To understand how GST will work in India. 3. To know the advantages and challenges of GST in Indian context. V. Research Methodology The study focuses on extensive study of Secondary data collected from various books, National &. KEYWORDS: Value Added TAX (VAT), Indirect Tax, Impact of VAT, Revenue, Multipoint Levy. _____ Introduction Value added tax (VAT), a fiscal innovation of early s has gained worldwide attention as more and more countries are adopting it in varying degrees to reform their system of commodity taxation. “Value added tax is a tax on consumption. Value Added Tax (VAT) One of the important components of tax reforms initiated since liberalization is the introduction of Value Added Tax (VAT). VAT is a multi-point destination based system of taxation, with tax being levied on value addition at each stage of transaction in the production/ distribution chain.

A tax often takes its name from the base on which it is computed. For example, personal income taxes are levied against a base of personal income, and retail sales taxes are a proportion of final sales. Value added taxes are no exception, being levied, in principle, on the value File Size: KB. Value added tax levied at each stage on value added in the economic chain of supply and it is a constant rate. The starting point of conventional economic growth theorisation is the neoclassical model of Solow (). The basic assumptions of the model are: constant returns to scale, diminishingCited by: 3.   The implication of this result is that value added tax has contributed most to total revenue in India and thus justifying the fact that value added tax has a significant effect on total revenue in India and an improved strategy such as monitoring aimed at improving the value added tax which will boost the total revenue in the country. The Macroeconomic Effects of an Add-on Value Added Tax iv The Macroeconomic Effects of an Add-on Value Added Tax Executive Summary As U.S. policymakers consider ways to address unsustainably high projected future federal government deficits and debt, significant policy changes to both spending and revenues will be Size: KB.

  Value added tax or VAT is levied both on local as well as imported goods. VAT Rates in India. The implementation guidelines and rules of Value Added Tax vary from state to state as the tax is collected by state governments. VAT in India is categorised under 4 heads which are as follows. Sales Tax 1 Value Added Tax 3 Goods & Service Tax 5 CONCEPTS & MEANING 7 Concepts & Meaning of Sales Tax 7 Concepts, Meaning & Computation of Value Added Tax 13 Methods of Computation of VAT 15 Computation of VAT 17 Variants of VAT 19File Size: 2MB. International Trade Effects of Value Added Taxation Paul Krugman, Martin Feldstein. NBER Working Paper No. Issued in November NBER Program(s):International Trade and Investment, Public Economics, International Finance and Macroeconomics The actual value added tax systems used in many countries differ significantly from the completely general VAT that has been the focus of most Cited by: 'Some Aspects of Value Added Tax in Indian Economy', Ahmedabad Chartered Accountants' Journal, Vol. 19, No.4, July [93] 'Functional Distribution of National Income in India', Economic & Political Weekly, Vol, No.4, 27 January Alma mater: Maharaja Sayajirao University of .