2012 Fiscal Year Final Research Report

Implementation of the Goods and Services Tax and Federal Fiscal system in India.

Research Project

Project/Area Number	21530286
Research Category	Grant-in-Aid for Scientific Research (C)
Allocation Type	Single-year Grants
Section	一般
Research Field	Economic policy
Research Institution	Kyushu Sangyo University
Principal Investigator	YAMAMOTO Iwao 九州産業大学, 経済学部, 教授 (30131733)
Project Period (FY)	2009 – 2012
Keywords	経済政策 / 経済発展 / 税制改革 / 財・サービス税 / 連邦財政システム / 中央税収の州分与 / 財政赤字
Research Abstract	Government of India had aimed to implement the Goods and Services Tax for reducing fiscal deficits and reforming excise duties in April 2010. This research has made clear the tax mechanism of Dual GST suitable and feasible for Federal India. The GST has not been implemented until April 2013, because an agreement between center and states governments isn’t reached. And the recommendation of 13th Finance Commission has not changed the structure of federal fiscal system. The 14th Finance Commission constituted in December 2012 is expected to take a task of reforming federal fiscal system. Then it is recognized that the expenditure reform is more important for fiscal consolidation.