Tag: tax devolution

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Restoring Fiscal Space for the States

Syllabus: Economy   Source:  TH Context: The abolition of the GST compensation cess marks a turning point in Centre–State fiscal relations. Several States have raised concerns over the loss of fiscal autonomy and revenue stability, demanding reforms in India’s tax-sharing mechanism to strengthen cooperative federalism. About Restoring Fiscal Space for the States: Fiscal Policy Evolution …

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Evaluate the performance of States in augmenting their own tax revenues since Goods and Service Tax (GST) implementation. What lessons can be drawn for future fiscal devolution frameworks?

Topic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment Q5. Evaluate the performance of States in augmenting their own tax revenues since Goods and Service Tax (GST) implementation. What lessons can be drawn for future fiscal devolution frameworks? (15 M) Difficulty Level: Medium Reference: TH Why the question Amidst …

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