Value Added Tax

This book examines various theoretical issues related to the operation of VAT. It provides an overview of the present tax system of India. More specifically, it traces the efforts made by the Central and State Governments in India to rationalise indirect tax system of the country in the direction of VAT. The book, drawing on the experience of other countries, evaluates various options available for a smooth switch over to VAT in India. The countries considered for the purpose are: Brazil, Argentina, Mexico, Germany, and Canada.