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Indirect Tax Reform In India: 1947 to GST and Beyond

Indirect Tax Reform In India: 1947 to GST and Beyond
Yashwant Sinha Atlantic Publishers & Distributors (P) Ltd Miscellaneous Books English Hardcover 9788126911103
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9788126911103
Hardcover
Rs 1295
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Pages : 308
Release Date : 25 December 2024
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Weight : 500 g
Dimension : 22 x 14.5 x 2 cm
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ISBN-10/SKU/ASIN : 8126911107
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Indirect taxes, first introduced in India in 1944, were used in the form of excise duty on Indian products as a protective measure for goods imported from the UK and later to shore up government finances. Post-independence, there was a pressing need for tax reform. Although several committees were appointed for this purpose, they had little to no effect on reality. Indirect tax reforms have faced several odds till the Goods and Services Tax (GST) was introduced by the GOI in 2017, replacing all existing taxes. Indirect Tax Reform in India1947 to GST and Beyond maps these developments, details and policy gaps, suggesting potential solutions to restrict financial and economic disruption. It outlines the impact of past measures and present changes while charting a roadmap towards a prosperous future.

Yashwant Sinha, a distinguished veteran politician, is widely recognized for his pivotal role in spearheading major economic reforms in India. He served as the country's Finance Minister and Minister of External Affairs. With a master's degree in Political Science earned in 1958, he also chaired the Parliamentary Standing Committee on Finance, New Delhi, from 2009 to 2014. His acclaimed works include Confessions of a Swadeshi Reformer: My Years as Finance Minister (2007), The Future of Indian Economy: Past Reforms and Challenges Ahead (2017), India Unmade: How the Modi Government Broke the Economy (2018) and Relentless: An Autobiography (2019).

Vinay K. Srivastava, an accomplished scholar, began his academic journey at the Department of Commerce, CMP Degree College, Allahabad, and later earned his doctorate in Finance from the University of Allahabad. Currently an Associate Professor at the Institute of Technology and Science, Ghaziabad, he has previously served as the Dean of the S

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