GST is one indirect tax for the whole nation, which will make India one unified common market. GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Different stake holders to the legislation have prospered different effects from the act. For...

Distortions under the value-added tax (VAT) arise mainly from the exemption of specific services and sectors. This paper develops an analytical model that is applicable to any sector characterized by asymmetric VAT exemptions of services and activities or differentiated tax rates. We analyze the...

Indirect taxation had never been caught-up with a controversy so far, but quite recently couple of High Court judgments, one delivered by Karnataka HC and the other by Kerala HC needs to be looked at critically, particularly when the issue harpers on ‘double taxation'. These judgments have...

This paper addresses two fundamental issues in indirect tax design. It first revisits the case for reduced rates on items especially important to the poor, establishing conditions under which even very crudely targeted spending measures better serve their interests. It then explores the welfare...

This paper provides a detailed outline of most of the major features of the Australian goods and services tax (GST). As well as explaining and evaluating the operation of the GST law, the paper compares the Australian GST with the equivalent features of the European VAT. The paper was first...

The survey examines the notable decisions of the Supreme Court of India rendered during the year 2008 on central excise and customs law. The first half of the survey analyses the verdicts of the court on various subjects of the central excise law and the second half examines the judgments on the...