ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Value Added Tax in a Federation-Commodity Tax Reforms in India

Commodity Tax Reforms in India M N Murty This paper discusses various types of VAT and their application in a federal country or a country with governments at many levels. In particular, it takes up a detailed examination of a comprehensive VAT covering the full chain of business activities from manufacturing to retailing. A case for having a comprehensive VAT at central and state levels in India is discussed. It finds that such a tax system supplemented by specific excises and subsidies to deal with the problems of equity, environment and social needs is ideal for India.

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