01362    a2200133   4500020001800000082002200018100001900040100002900059245005000088260004800138300001400186520097000200650005801170  a9781108473965  a343.540552bRAO-E  aRao, Kavita R.  aMukherjee, Sacchidananda  aEvolution of Goods and Services Tax in India   bCambridge University Pressc2019aCambridge  axv, 200p.  aGoods and Services Tax (GST) was implemented in India in July 2017, after four decades of protracted deliberations amid critical socio-economic and political challenges. GST is a comprehensive multistage value-added tax (VAT) on goods and services where both central and state governments share the same tax base. Finding a suitable design for GST that encompasses taxes from both the centre and the state tax brackets makes the Indian GST unique among GST implemented in other federal countries. This book is a study of the evolution of GST in India since the Report of the Indirect Taxation Enquiry Committee of 1977. It studies the following issues on GST: a) inclusion and exclusion of taxes, b) finding a suitable mechanism to handle inter-state transactions, c) finding revenue neutrality of the tax reform, d) providing compensation to states for any possible loss of revenue due to its adoption, and e) possible scope for coordination in GST administration.  aTaxvLaw and legislationvGood and Service TaxzIndia