EMPIRICAL ANALYSIS OF TAX BUOYANCY IN INDIA
Author(s):
Dr. Aruna M , Prof. Padmavathi V
Keywords:
Abstract
Tax incomes of the government contribute the country’s administration and resources required for its economic progress. India with 29 states and seven union territories, heterogeneous in terms of per capita GDP, population, urban development, culture and very large untaxed informal sector. India’s largest modern tax amendment was Goods and Service Tax (GST) which was introduced with the Finance Bill, 2017. Owing to the contemporary relevance an attempt is made in this paper to estimate and establish relationship between tax revenue and gross domestic product at market prices for the period 2000-01 to 2013-14. So as to understand short run and long run tax buoyancy during the study period by employing Nerolvian Partial Adjustment mechanism. The estimated results of the long run tax buoyancy is positive and more than unity , indicating that the growth rate of tax revenue will be relatively higher than the growth rate of the income in the study period.
Article Details
Unique Paper ID: 153871

Publication Volume & Issue: Volume 8, Issue 8

Page(s): 230 - 233
Article Preview & Download


Share This Article

Join our RMS

Conference Alert

NCSEM 2024

National Conference on Sustainable Engineering and Management - 2024

Last Date: 15th March 2024

Call For Paper

Volume 10 Issue 10

Last Date for paper submitting for March Issue is 25 June 2024

About Us

IJIRT.org enables door in research by providing high quality research articles in open access market.

Send us any query related to your research on editor@ijirt.org

Social Media

Google Verified Reviews