Abstract

Goods and Services Tax (GST) and Centre-State Financial Relations: An Analysis

Dr. Makkella Siva Krishna

Volume: 15 Special Issue: 5 2025

Abstract:

In India, the adoption of the Goods and Services Tax (GST) has radically transformed the financial interactions between the Centre and the States. This transformation from a complicated structure that existed prior to the GST to one that is built for cooperative federalism has occurred. In spite of the fact that the Goods and Services Tax (GST) has been effective in integrating indirect taxes into a single framework and has promoted more collaboration through the GST Council, it has also centralized some taxation authorities, which has led to concerns regarding the fiscal autonomy of states. According to the findings of the research, the Goods and Services Tax (GST) has not only enhanced interdependence and improved tax efficiency, but it has also generated issues relating to revenue unpredictability, revenue distribution, and the requirement for constant coordination in order to strike a balance between the fiscal demands of the nation and those of the regions.

DOI: http://doi.org/10.37648/ijrssh.v15i05.006

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References

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