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It would be no exaggeration to say that the GST is one of the most important reforms in post-independent India. Its impact is multi-layered, ranging from tax behaviour to strengthening the federal polity to ensuring fiscal equity.

The book carries a foreword by India’s finance minister Arun Jaitley.

Excerpts: ...Mr Krishnan had a ringside view of the evolution of the GST. The book is written in a very lucid and readable style... a number of interesting suggestions have been made from the policy perspective. I am sure that this book will be useful for both, the lay reader and the tax professional.

Contents: Foreword. Introduction. I. Evolution of GST: 1. The GST Story. 2. The Indian GST Story. 3. Debates that Shaped the GST. 4. GST and Revenue Buoyancy. 5. GST: A Boost to Domestic Manufacturing. 6. GST and Ease of Doing Business. II. Implementation of GST: 7. GST Implementation: Rates and Exemption Regime. 8. GST and Compliance Verification. 9. GSTN for Implementation of GST.

10. Impact of GST on Industry. III. Policy Prescriptions Going Forward: 11. Expanding GST’s Taxable Base. 12. GST and Exports. 13. GST and Reforms in Tax Administration. 14. GST and Dispute Resolution. 15. GST and Institution Building. 16. Conclusion. Annexures. Appendices.