School of Law, Narsee Monjee Institute of Management Studies,

Bengaluru

Dissertation Paper
Topic- Evolution of taxing standards in India

Submitted by:
Parichaya Reddy Baddam
SAP ID: 81021219018
Course: BBA, LL. B (Hons.)
Year & Semester: V Year, X Semester
Submitted to:
Professor Dr. Tanmeet Kaur Sahiwal
 ABSTRACT

This dissertation paper critically examines the "Evolution of Taxing Standards in India," with a
particular focus on the transition from the post-independence era to the pre-independence era.
This paper recognizes taxation as a pivotal source of government revenue and a key determinant
of economic prosperity, the study sheds light on persistent challenges within the Indian tax
system, despite numerous revisions. This paper also places emphasis on the significance of the
Goods and Services Tax (GST) in recent tax reforms, and addresses issues such as tax evasion,
reliance on indirect taxes, the presence of black money, and the emergence of a parallel
economy. Through a comprehensive analysis, it assesses the introduction of new forms of both
direct and indirect taxes, exploring their implications for revenue generation and equity. Despite
eight years of reform efforts, the study concludes that enhancing the tax system remains a
substantial challenge in India. Additionally, the paper delves into the foundational principles of
the tax framework, exploring the three-tier federal structure involving the Union Government,
State Governments, and Local Bodies. The study also recognizes the notable constitutional
amendments, particularly the recognition and assignment of tax services to the central
government in 2003, along with constitutional safeguards against unconstitutional taxation, will
be highlighted. This research aims to provide valuable insights for policymakers, economists,
and practitioners, fostering a nuanced understanding of the dynamic relationship between
taxation and India's evolving economic landscape. The dissertation contributes to the ongoing
discourse on tax reforms and lays the groundwork for informed decision-making in the realm of
fiscal policies.