Rationalisation of Indirect Tax Structure of India

A beginning towards reforms regarding the rationalisation of indirect tax structure was made in 1986 with the introduction of Modified Value-Added Tax (MODVAT). This scheme was implemented in a phased manner over a period of years. Its extension in the scope and coverage had created the need to analyse its effects on different economic variables. The book presents a detailed analysis of MODVAT effects on prices in industry, government revenue, administrative cost and tax incidence. It is hoped that the book will be useful for the researchers teachers and students of public finance.