The Oxford Handbook of Tax System in India
An Analysis Of Tax Policy and Governance
Price: 1295.00 INR
ISBN:
9780198092278
Publication date:
11/08/2014
Hardback
424 pages
241.0x162.0mm
Price: 1295.00 INR
ISBN:
9780198092278
Publication date:
11/08/2014
Hardback
424 pages
241.0x162.0mm
Part of Oxford Handbook
Mahesh C. Purohit & Vishnu Kanta Purohit
Suitable for: The primary market for this book will be libraries of universities, institutes, and research centres relating to Indian economy and public finance, as well as economics students, chartered accountants, and financial analysts.
Rights: World Rights
Part of Oxford Handbook
Mahesh C. Purohit & Vishnu Kanta Purohit
Description
In any nation, mobilizing resources through tax reforms serves the twin purpose of having a rational structure and generating higher resources in an equitable and efficient manner. While one-shot tax reforms were attempted in India during the 1990s, a thorough review of the country’s tax system is essential to customize it for a competitive open economy and to have a unified Indian market. Recognizing the continuous need for tax restructuring in order to strengthen the Indian economy, this study highlights the need for second generation reforms. It evaluates the structure and operations of existing taxes levied both by the central and the state governments. It presents estimates of growth rate, buoyancy, and tax effort, and analyses the causes for low tax–GDP ratio in India as compared to other equi-level countries. The authors also suggest policy imperatives for reforms, taking into account taxpayer conveniences and client services, and examine important initiatives such as upgrading the existing management information system (MIS) for tax administration, the introduction of a Direct Tax Code and a Goods and Services Tax. Analysing the structure and the governance of taxes, this handbook presents a comprehensive review of the contemporary issues in Indian tax policy and administration.
Part of Oxford Handbook
Mahesh C. Purohit & Vishnu Kanta Purohit
Table of contents
List of Tables, Figures, and Boxes
Part of Oxford Handbook
Mahesh C. Purohit & Vishnu Kanta Purohit
Part of Oxford Handbook
Mahesh C. Purohit & Vishnu Kanta Purohit
Description
In any nation, mobilizing resources through tax reforms serves the twin purpose of having a rational structure and generating higher resources in an equitable and efficient manner. While one-shot tax reforms were attempted in India during the 1990s, a thorough review of the country’s tax system is essential to customize it for a competitive open economy and to have a unified Indian market. Recognizing the continuous need for tax restructuring in order to strengthen the Indian economy, this study highlights the need for second generation reforms. It evaluates the structure and operations of existing taxes levied both by the central and the state governments. It presents estimates of growth rate, buoyancy, and tax effort, and analyses the causes for low tax–GDP ratio in India as compared to other equi-level countries. The authors also suggest policy imperatives for reforms, taking into account taxpayer conveniences and client services, and examine important initiatives such as upgrading the existing management information system (MIS) for tax administration, the introduction of a Direct Tax Code and a Goods and Services Tax. Analysing the structure and the governance of taxes, this handbook presents a comprehensive review of the contemporary issues in Indian tax policy and administration.
Read MoreTable of contents
List of Tables, Figures, and Boxes