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V S Krishnan is a former member of the Central Board of Indirect Taxes and Customs (CBIC), and has served in the CBIC for more than 35 years under the finance ministry. He holds a Masters in economics degree from the Delhi School of Economics.
V S Krishnan is a former member of the Central Board of Indirect Taxes and Customs (CBIC), and has served in the CBIC for more than 35 years under the finance ministry. He holds a Masters in economics degree from the Delhi School of Economics.
Member countries of the WTO have the responsibility to exercise restraint in invoking the anti-dumping provisions. Unfairly invoked duties can unleash a trade war and diminish growth in the world econ
Under GST, the small and medium industries would have to handle things on their own
Creation of a technical secretariat, doing away with the distinction between suppression and non-suppression cases, and subjecting minor procedural infringements to non-appealable levies could help cr
Even with less than ideal design features, the state VAT pushed up revenues. The GST, with an improved design and a fully integrated IT system for both the Centre and the states, will fare better
Successful implementation of the goods and services tax hinges on the quality of tax administration reforms that the states can carry out. The CBEC's experience can offer useful lessons to the states
The goods and services tax will level the playing field for different sectors of industry, including domestic manufacturing. It will also promote the making of a common market by eliminating inter-sta