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reforms of the country’s public finances in over the past 50 years, India has finally launched much delayed Value Added Tax … (VAT) from 1st April, 2005 in 21 states. VAT has replaced the existing local sales tax in almost all states of India. The … case for state VAT in India has been advocated mainly on the grounds of higher revenue efficiency vis-à-vis the combined …
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transfer) of 15 major states of India. Our empirical result shows that state’s revenue (i.e. tax revenue and indirect tax) and …
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Convergence of public expenditure, public revenue and also per capitaincome has been examined for fourteen non-special category major states ofIndia during the post-reforms period 1991-92 – 2009-10. The empiricalverification of the convergence hypothesis has been accomplished withabsolute...
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