Dual GST aligns with fiscal federalism, preserving Centre and State taxation powers and resource-raising autonomy. Dual GST allocates concurrent taxation authority to Centre and States consistent with constitutional fiscal responsibilities, allowing each tier to retain ... Summary
Dual GST aligns with fiscal federalism, preserving Centre and State taxation powers and resource-raising autonomy.
Dual GST allocates concurrent taxation authority to Centre and States consistent with constitutional fiscal responsibilities, allowing each tier to retain distinct taxation powers and independent revenue-raising capacity within a coordinated framework to preserve fiscal federalism and ensure both levels can mobilise resources to meet their functions.
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