| 000 -LEADER |
|---|
| fixed length control field |
01867pab a2200205 454500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
|---|
| fixed length control field |
180718b2003 xxu||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
|---|
| Personal name |
Singh, S.B. |
| 245 ## - TITLE STATEMENT |
|---|
| Title |
Introducing VAT in Madhya Pradesh - A quantitative analysis |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. |
|---|
| Date of publication, distribution, etc. |
2003 |
| 300 ## - PHYSICAL DESCRIPTION |
|---|
| Extent |
p.41-54. |
| 362 ## - DATES OF PUBLICATION AND/OR SEQUENTIAL DESIGNATION |
|---|
| Dates of publication and/or sequential designation |
Jan-Mar |
| 520 ## - SUMMARY, ETC. |
|---|
| Summary, etc. |
Sales taxes are an important source of revenue for the states in India. While the taxes vary in their design, they are generally levied at the first point of sale within the states. Their structure is complex, irrational, and flawed from an economic efficiency perspective. They are subject to poor tax compliance, and the tax administration is weak and ineffective in enforcing proper compliance. In this article, we have analysed the important aspects of the current system like growth of revenue and its buoyancy, change in the pattern in numbers of dealers and their contribution to revenue. We have also analysed the impact of taxes on inputs and on final consumer goods. The extent of tax cascading under the present system of single stage taxation and a partial VAT on wholesalers has also been evaluated. We have concluded that the present system of commodity taxation in Madhya Pradesh is very complex, causes economic distortions and is difficult to administer and comply. Therefore, there is an urgent need to change over to a system which does not suffer from these efficiencies. Several experts who have reviewed this system have come to the conclusion that a full-fledged VAT which is fair, simple and inherently high complaint, is the only option that could address the problems of current system in a satisfactory manner. - Reproduced. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
VAT |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Taxation - India - Madhya Pradesh |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Taxation |
| 700 ## - ADDED ENTRY--PERSONAL NAME |
|---|
| Personal name |
Vyas, R.K. |
| 773 ## - HOST ITEM ENTRY |
|---|
| Main entry heading |
Indian Journal of Public Administration |
| 908 ## - PUT COMMAND PARAMETER (RLIN) |
|---|
| Put command parameter |
N |
| 909 ## - |
|---|
| -- |
57839 |
