 "The shift from VAT to GST ignites fierce debate over inter-state revenue disparities, dramatically reshaping fiscal landscapes across states.")
The shift from VAT to GST ignites fierce debate over inter-state revenue disparities, dramatically reshaping fiscal landscapes across states.
The shift from value-added tax (VAT) to goods and services tax (GST) has sparked discussions about how different states perform in terms of revenue. Under the previous tax system, states earned revenue from inter-state transactions based on where goods were produced. With GST, however, taxes are collected based on where goods are consumed. This change ...
