Fiscal Discipline vis-a-vis Development: Tax of 21st Century & Sun Rise Tax, Service Tax in India

8 Pages Posted: 24 Jan 2007

Date Written: January 24, 2007

Abstract

India, after embarking on economic reforms, was in search of revenue sources for huge developmental expenditure and reduce deficits. It brough 'service tax' in year 1994 and in since than, it became important source of revenue that has given impetus to fiscal discipline, robust economic growth and equitable society. The paper discusses issues in the service tax, being a sunrise tax, novice idea, lack of cohesive legal enactment and related issues.

Keywords: service tax, fiscal discipline, sun rise tax

JEL Classification: E6, P13

Suggested Citation

Sapovadia, Vrajlal K., Fiscal Discipline vis-a-vis Development: Tax of 21st Century & Sun Rise Tax, Service Tax in India (January 24, 2007). Available at SSRN: https://ssrn.com/abstract=959213 or http://dx.doi.org/10.2139/ssrn.959213

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