Fiscal Federalism: Nature and Features of India's Federal Polity.

Mittal, Anuraag

Fiscal federalism is a subject of topical interest in India in view of some recent developments of historical importance, including the introduction of goods and services tax (GST). This paper discusses the three-tier federal structure of India with governments at Union, States and Local levels. It also explains the rationale behind the Centrally biased Constitution, which was envisaged by the founding forefathers as a means to reduce economic disparities and protect India's unity, integrity and sovereignty against external aggression and internal disruption. Federalism with the cultural and ethnic pluralism has given the country's political system great flexibility, and therefore the capacity to withstand stress through accommodation.

FISCAL year; FEDERAL government; VALUE-added tax; SOVEREIGNTY; CONSTITUTIONAL amendments

Vision: Journal of Indian Taxation, 2019, Vol 6, Issue 1, p82

2347-4475

Academic Journal

10.17492/vision.v6i1.185485