Macro Approach for Estimating Revenue Neutral Rates for GST in India

Authors

  • Badar Alam Iqbal
  • Mohd Nayyer Rahman

DOI:

https://doi.org/10.33516/rb.v44i2.69-80p

Keywords:

Goods and Services Tax (GST), Revenue Neutral Rate, Macro Approach

Abstract

Goods and Services Tax is the new comprehensive tax implemented in India in the month of July 2017. Instead of several competing and complementary indirect taxes, GST appears to be a unified comprehensive tax with both Centre and State sharing the tax revenue. Estimating of Revenue Neural Rates for the GST along with its base is important. This is done with the help of three approaches, that is, Macro Approach, Indirect Tax Approach and Direct Tax Turnover Approach. In this study, an attempt is made to estimate absolute values on the basis of Revenue Neutral Rates with the help of Macro Approach for last 10 years. The Base of the GST is also estimated on the basis of GDP figures for the last 10 years. This is to highlight what would have been the scenario had GST been implemented a decade before.

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Published

2018-07-01

How to Cite

Iqbal, B. A., & Rahman, M. N. (2018). Macro Approach for Estimating Revenue Neutral Rates for GST in India. Research Bulletin, 44(2), 69–80. https://doi.org/10.33516/rb.v44i2.69-80p

Issue

Volume 44, Issue 2, July 2018

Section

Articles
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Europe PMC

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