Case Code : CLIBE055
Publication date : 2005
Subject : Business Environment
Length : 06 Pages
Short Case Study Price: INR 50;
The caselet focuses on the Value Added Tax (VAT) system and its introduction in India. It shows how VAT is implemented in different countries. It also discusses the stand of traders and state governments in India on the implementation of VAT and how the finance ministry managed to bring about a consensus among the states to implement VAT.
Questions for Discussion:
1. What is VAT? Do you think India really needs the VAT system of taxation? Explain.
2. What are the limitations of VAT? Why are traders opposing the introduction of VAT?
Value Added Tax (VAT), uniform state-level tax, indirect taxes, Indirect Taxation Enquiry Committee, Modified Value Added Tax (MODVAT), Cenvat (Central Value Added Tax), Indian Constitution, Central Sales Tax (CST), empowered committee of state finance ministers, multiple tax regime
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