Can India handle fiscal decentralisation?
Andrey Rudometov/shutterstock.com | Andrey Rudometov/shutterstock.com
Not without strong accountability to the people and budget management by States
The government’s newest catchword when it comes to the Goods and Services Tax seems to be ‘federal’. Finance Minister Arun Jaitley has repeatedly informed Parliament that the GST Council is the first truly federal body in India, where decisions on tax will be taken by the Centre and the States together.The overall structure of the new tax regime, by dividing the right to tax assessees between the ...
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