INTEGRATING ECO-TAXES IN THE GST FRAMEWORK: COMPREHENSIVE ENVIRONMENTAL FISCAL REFORMS
Author(s):
Dr. Sujit Das.
Keywords:
Eco tax, environmental fiscal reforms, Goods and Service tax, taxations and green tax.
Abstract
This study looks into the prospective role of environmental fiscal reforms in addressing environmental and resource use efficiency issues for a selected set of issues in India, considerate the current managerial, institutional, and legal frameworks that resolve the applicability of such instruments, analysing the trade-offs involved, and potential impacts across various stakeholders. EFR (environmental fiscal reform) refers to the use of fiscal instruments for the management of natural resources and environment. There are different relevant instruments under the realm of EFR and constitute the intersection of environmental and budgetary policies. These include taxes on resource exploitation, subsidies for and taxes on products and inputs, taxation of environmentally harmful emissions and user fees/charges for disposal. The flow of pollution can be mitigated to a certain extend by policy intervention. There are two groups of policy instruments to stem the flow of pollution: regulatory and economic. This paper focus on economic instruments is fiscal instruments encompassing both taxation and subsidies. In India, consideration of the fiscal instruments is particularly important at the present juncture as we are in the process of bringing in comprehensive reforms in the system of taxation of Goods and Services.
Article Details
Unique Paper ID: 153704

Publication Volume & Issue: Volume 8, Issue 8

Page(s): 251 - 258
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