Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics

Mahesh C. Purohit ¹, Vishnu Kanta Purohit ²

Affiliations
1 Public Economics and Policy Research, 13 Pocket B, Near Sani Tempal, Phase 4, Ashok Vihar, New Delhi 110052, IN
2 Indraprastha College for Women, University of Delhi, Delhi, IN

Abstract

One of the problems in the introduction of GST relates to loss of revenue to the States, given the base and the rates of the tax. In the context of two different structures suggested by the Empowered Committee of State Finance Ministers and the Central Government, this paper is an exercise in different methodologies for estimating probable loss of revenue to the States. Three different approaches, viz., revenue approach, turnover approach and consumption approach, are adopted with finer details to estimate the revenue from GST. The projected revenue is presented for Uttar Pradesh for the period of award of the Thirteenth Finance Commission, i.e., 2010-2011 to 2014- 2015.

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Vishnu Kanta Purohit

Abstract

This paper aims at analysing trends of profitability of the manufacturing industries in the corporate sector. Due to non-availability of comparable data, the study is confined to public limited companies in the private sector only. This however, does not greatly restrict the coverage of the study in as much as these companies claim more than half of the total paid-up capital?.

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