Ad Here  
February
March
April
May
June
July
 
 
The worst is yet to come Raj Bhavan opened the gates for public Outlays and outcome – the long gap India’s first 3D Museum When Marina became the Tahrir Square TTV stumps all State VAT leads to inflation: a study Planning the right energy Maruti Suzuki wins NIQR award Keep in touch, anytime anywhere Building highs and lows Ennore Port excels A sweet marketing splash by Pattappas Engineering colleges lose lustre International conference on saving energy, environment Realty bytes Chennai teachers rank low The underground don zips through Cricket comes calling to Chennai K7’s Entrepreneurial Odyssey The 20-year itch of Hindujas ends Google street view’s India competitor Hey Chitti! please take my order Metro chugs through the city I know nothing else but cinema... Know the start-ups in the city Boozing and driving Million landmark and Rs. 200 crore influx by Yamaha How to roast 45 human beings alive Chennai, the noisiest city Presto! Bravo! Green energy, not really green? Thrills for the holiday season Technology handshakes with sanitation The auto gets a remake Sathyabhamasat propels ahead Indian of the Year Tambaram tracks…. Indian media-operators of democracy Paranjoy on crony capitalism The curious case of Evgenii Berdnikov CMRL takes off till airport Black outs will be knocked out Reality Check Safe Trac-keeps track on your safety Chennai Silks in flames Water wars begin Aviation sector to grow three times... Chennaites lose 7 crore to debit card frauds Frontier Mediville attracts Japanese investments Mexico opens Consulate in Chennai Book your water tanker A skinny affair Two friends trigger a change Pocket Therapist finds mention in Forbes Education a cause of concern City Corner Missing, but not missing the top spot Doing business is not so easy in Chennai He made Ranganathan Street so crowded... 377 yet young Need for an integrated approach to medicine Bewailing monsoons the new fad India’s first online-only bicycle brand Chennai soon to get an Aerospace Park Coimbatore backs up for Chennai The sweet killer Apollo targets a third of CV tyre market The sweet tooth of the city Chennai to Bengaluru as quick as pizza delivery Working space for women by woman A new technique to treat dry sewage Force Motors’ two new SUVs Medical miracle! It is not only your noodle... Vanakkam Chennaiyin FC Perplexing communications Arnold visits Chennai Chennai airport to become solar-powered It’s so cool! The sunshine and the shadow side of this digital era Car-free Bessy A feast for book worms Talk your way and land in a job Is Chennai now the accident capital? Meters return to the metro Colourful welcome at the Saidapet station Metro chugs the green way Water woes From trash land to tourist spot This dabba has a cure for all your ailments Star studded city Murugappas-focus on consolidation Kollywood’s Mahabharatha Nilam threatens the city Prithika Yashini takes charge... Overflowing garbage 60 years of cultural and economic ties Must visit of 2014 Tamil Nadu Premier League launched Online approval of layout plans Hawker’s paradise gets a permanent place Metro mania City Corner - Chennai Yes, you are safe! Self-sufficiency in dredging... Yamaha in the news Chevrolet Sail U-VA Launched City Corner-June North Chennai booms When the crowd will miss the roar A praiseworthy peer recognition Read before you buy... A budget that butted into deficit Chennai gets its Imax SGRI – a global research centre for building materials Chennai Metro looking for revival An industry institution link… Technologists to rescue When Chennai became Venice City Corner
 
State VAT leads to inflation: a study

Implementation of Value Added Tax by states has led to inflation in most states. State VAT, which is in the form of replacement of Sales Tax, was first introduced in Haryana in 2003 and by 2008, nearly all states had implemented it.

On the basis of a study on State VAT and its Price Effect, K R Shanmugam, Director, Madras School of Economics said that inflation follows tax introduction but remains stable thereafter.

While the price effect of state VAT was highest in Punjab (with 2.8 per cent hike in price), it was lowest in Uttar Pradesh by a drop in price by 1.12 per cent. He said that this could be because UP was the last to introduce the state VAT, in 2008, and would have learned to keep inflation low from the experience of other states. Tamil Nadu that brought in the tax in 2007 saw an inflationary trend with price rise of 1.22 per cent. He highlighted that sales tax had not put much money in the government treasury, but the revenues from state VAT account for 70 per cent of the total.

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com