An autonomous research institute under the Ministry of Finance

 

Taxation and revenue

GST Design and Structure - is it freezing or thawing?

13/02/2017

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With the passage of the Constitution 122nd Amendment Bill in the Rajya Sabha in August 2016 and the setting up of GST council, many hoped that the design and structure of Indian GST will be taking shape soon. However, instead, the basic structure of GST has weakened with the proposal ...

GST


“Shell”tering money

10/02/2017

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The versatile shell companies serve not just as vehicles for corporate tax dodging but have also been used by the rich to get around paying hefty alimony payments. The existence of shell companies is not recent and its rather innocuous beginnings can be traced back to 1960s when Walt Disney ...


Goods and Services Tax: Fiscal Autonomy vs Tax Disharmony

02/12/2016

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Since the constitution of GST Council on 12th September, 2016, commendable progress has been made towards implementation of this major tax reform in the country. GST council has already arrived at a consensus on the most contentious issue in GST design, i.e., the rate structure. The mechanism of compensation ...

GST


The myth of black

28/11/2016

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Black economy draws the ire of common man and policy makers. In the 2014 elections, the proposal to tackle black money gained currency. More than two years passed and the common man was left wondering if any measure will really be taken in this direction. On 8th November, 2016, the ...

Impact of Demonetization: What to expect?

16/11/2016

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The demonetisation of the 500 and 1000 rupee denomination notes has removed 86 per cent of the currency from circulation. It is argued that there are agents in the economy who are hoarding currency as a method for storing savings, especially by people earning unaccounted or illegal incomes. Demonetisation has ...