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999			_c26494 _d26494
005			20220713212155.0
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082			_a339.52 AGA
100			_aAgarwal, A.K.
245		0	_aProblems of Indian fiscal structure
260			_aDelhi
260			_bMittal Pub.
260			_c1987
300			_a187 p.
520			_aThe volume contains 21 research articles dealing with General Issues of Taxation; Issues in Indirect Taxation; Issues in Direct Taxation of Agriculture; Expenditure Tax; Centre-State Financial Relationship and Black Economy. With regard to the development finance in the process of planning in India the fiscal measures like taxation-direct and indirect both, public expenditure, public borrowings and deficit financing have been effectively used. However, of all the sources of finan cing outlay, taxation is considered to be the best method. Looking at the state of tax revenue it seems very difficult to raise much needed resources through taxation alone. Very high rates of direct and indirect taxes have led to wide spread tax avoidance and evasion and contri buted in no mean way to the generation of black money which is now like a cancerous growth in our economy. Heavy burden of indirect taxation on lowest expenditure groups calls for urgent remedial measures. Another equally important prob lem in indirect taxation is of cascading. To tackle Introduction of VAT is the remedy to tackle this problem. The Finance Minister, as promised in the LTFP instrument, has rightly introduced MODVAT. On the ques tion of replacing the sales tax by the Addi tional Union Excise Duties, the author stresses upon the rationalisation of adminis tration of sales tax and the simplification of the procedures rather than substituting it as demanded by the business class.
650			_aMacroeconomic policy
942			_cB _2ddc