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Should States be compensated for revenue loss from GST reforms?

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Manage episode 502964217 series 2606066
Content provided by The Hindu. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Hindu or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

During his Independence Day speech, Prime Minister Narendra Modi announced a “Deepavali gift” to the people in the form of next-generation Goods and Services Tax (GST) reforms. The Ministry of Finance subsequently said that a large part of these reforms involved moving GST from the current four-tier system to a two-tier structure of 5% and 18%, along with an overall lowering of the average tax rate.

What impact will this proposal have on revenues? And should the States be compensated for revenue loss? Here we discuss the question

Guests: Manoj Mishra, Partner at Grant Thornton Bharat; Pratik Jain, Partner at Price Waterhouse & Co LLP

Host: T.C.A. Sharad Raghavan

Edited by Jude Francis Weston

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

1057 episodes

Artwork
iconShare
 
Manage episode 502964217 series 2606066
Content provided by The Hindu. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Hindu or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

During his Independence Day speech, Prime Minister Narendra Modi announced a “Deepavali gift” to the people in the form of next-generation Goods and Services Tax (GST) reforms. The Ministry of Finance subsequently said that a large part of these reforms involved moving GST from the current four-tier system to a two-tier structure of 5% and 18%, along with an overall lowering of the average tax rate.

What impact will this proposal have on revenues? And should the States be compensated for revenue loss? Here we discuss the question

Guests: Manoj Mishra, Partner at Grant Thornton Bharat; Pratik Jain, Partner at Price Waterhouse & Co LLP

Host: T.C.A. Sharad Raghavan

Edited by Jude Francis Weston

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

1057 episodes

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