G S T
Fiscal Centralism in a Federal Polity

The 101st Constitution Amendment Act 2016 on GST is a big leap for the fiscal reforms relating to the Indirect Tax regime in India as it seeks to introduce a single, comprehensive tax that will subsume other indirect taxes on consumption like sales and service taxes, strengthen the nation’s tax institutions, dismantle barriers that exist across States and create a common market. The main objective of the GST Act is to replace the existing multi layered indirect tax regimes instituted by the Union and State Governments and to unify them across the country. It is a comprehensive value added tax on the manufacture, sale and consumption of goods and services, levied and collected on value addition at each stage of sale or purchase of goods or supply of services based on the input tax credit method but without State boundaries. The administrative power generally vests with a single authority to levy tax on goods and services. By amalgamating a large number of Central and State taxes into a single tax, GST would pave the way for a common national market.

This volume focuses on the GST Act 2016 and its effects on Indian federal polity.

CONTRIBUTORS:
C. P. CHANDRASEKHAR, CHIRASHREE DASGUPTA,
GIRISH KUMAR R, GOPAKUMAR K,
PRABHAT PATNAIK, REAPAN TIKOO
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Journal of Political Economy and Fiscal Federalism (JPE&FF)

The Journal of Political Economy and Fiscal Federalism (JPE &FF) is a refereed biannual journal to be published by the KNRC. JPE &FF is committed to providing a space for the best of writings in Economics and Politics. It publishes topical, scholarly work on significant debates in planning and fiscal federalism and on all major socio-economic and political issues affecting Indian economy, development process and the Centre-State relations in India. Editorial policy encourages variety and plurality insubject matter and methodology. JPFFalso provides space for conceptual essays and policy analysis. Each volume will carry peer-reviewed research articles, and a mix of review essays, interviews and debates. Special issues will also be published from time to time. JPE &FF will be published in May and October every year. The articles and reviews will be sent for peer-review as soon as they are received. There will be a panel of referees who will look into various aspects of the articles/reviews received, such as topicality, contents, theoretical as well as empirical components and methodology. Copyright of the journal, alongside the articles/reviews published, shall be with the KNRC, Mahatma Gandhi University except in cases where essays are reproduced with the permission of the author/publisher.

The International Board of Advisory Editors of JPFF include
Prof. James Petras, Binghamton University, New York
Prof. Jagdish N. Bhagwati, Columbia University, New York
Prof. Prabhat Patnaik, Jawaharlal Nehru University, New Delhi
Prof. Pulin B. Nayak, Delhi School of Economics, New Delhi
Prof. K L Krishna, Madras Institute of Development Studies (MIDS), Chennai
Prof. K.J. Joseph, Centre for Development Studies, Thiruvananthapuram
Prof. Jayan Jose Thomas, Indian Institute of Technology, New Delhi.

Working Papers / Occasional Papers

The KNRC also envisages publication of Working Papers and Occasional Papers Series based on the research and extension programmes undertaken by the faculties, researchers and students of the Centre. Such papers, intended to be policy inputs/recommendations, are published after presentation and discussion in seminars organised for the said purpose. The drafts of these papers are also sent for evaluation by referees. The Director and a faculty member nominated by the Faculty Council annually shall be responsible for the publication of such Working Papers/Occasional Papers.






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