International Journal of Engineering and Management Research (IJEMR)
  • Year: 2014
  • Volume: 4
  • Issue: 5

Status of Value Added Tax in the State of Chhattisgarh

  • Author:
  • Kabir 1, Biswadeep Mishra2
  • Total Page Count: 6
  • Page Number: 183 to 188

1Research Scholar, Department of Management Studies, Guru Ghasidas Vishwavidyalaya, India

2Associate Professor, Department of Management Studies, Guru Ghasidas Vishwavidyalaya, India

Online published on 21 November, 2017.

Abstract

Reforms in the indirect tax system have been going on for quite some time. India has moved from the old sales tax regime to the VAT regime and now moving towards the GST system. Chhattisgarh, one of the newly created states, has been a leading state in tax reforms. It is one of the few states which implemented the VAT. An analysis of tax revenues in Chhattisgarh reveals that VAT has resulted in more revenues to the state; in fact, in some years the actual tax collected was higher than the budgeted figures. However, VAT in Chhattisgarh is not free from limitations. The sample survey reveals that various stake holders in the state of Chhattisgarh have a positive approach to the GST regime.