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Designing GST for India inclusive of Petroleum, Natural Gas and Electricity: Policy Options
NIPFP One Pager No. 006 (2014)
  • Sacchidananda Mukherjee
  • R. Kavita Rao
Abstract
India is working towards the introduction of a comprehensive GST covering both the Centre and the States. The rationale for this proposed reform is two fold: one, to expand the tax base available for taxation for each level of government, and two, to reduce cascading prevalent within the economy. The proposed design for GST however keeps crude petroleum, natural gas, some petroleum products, and electricity outside the purview of GST (The Empowered Committee of State Finance Ministers, 2009). Mukherjee and Rao (2014) explores some alternative designs for GST within the constraints with which governments work, i.e., reducing cascading, keeping prices in check and maintaining revenues.
Keywords
  • Goods & Services Tax (GST),
  • Value Added Tax (VAT),
  • Petroleum Taxation,
  • Electricity Taxation,
  • Cascading of Taxes,
  • Revenue Neutrality,
  • Input-Output Analysis
Disciplines
Publication Date
May, 2014
Citation Information
Sacchidananda Mukherjee and R. Kavita Rao. "Designing GST for India inclusive of Petroleum, Natural Gas and Electricity: Policy Options" NIPFP One Pager No. 006 (2014)
Available at: http://works.bepress.com/sacchidananda_mukherjee/64/