Which Way for Indirect Taxes?

Reforms of indirect taxes in the budget amount to almost nothing. Customs tariffs have remained about the same while the number of exemptions have increased. In the case of CENVAT, rules remain complicated and the claim that rates have gravitated towards 16 per cent is not true. Service tax needs to...

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Bibliographic Details
Published in:Economic and political weekly 2006-04, Vol.41 (14), p.1324-1326
Main Author: Sukumar Mukhopadhyay
Format: Article
Language:English
Subjects:
Budget 2006
Customs duties
Financial budgets
Goods and services tax
Indirect taxes
Proportional taxes
Tariff reform
Tariffs
Tax exemptions
Tax reform
Value added taxes
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Summary:Reforms of indirect taxes in the budget amount to almost nothing. Customs tariffs have remained about the same while the number of exemptions have increased. In the case of CENVAT, rules remain complicated and the claim that rates have gravitated towards 16 per cent is not true. Service tax needs to be aligned with CENVAT to create a goods and services tax at the central level. Two parallel GSTs at the state and central levels, rather than a national GST, must be introduced.
ISSN:0012-9976
2349-8846