This paper evaluates the effect of VAT regime which was implemented in India to bring uniformity and balanced economic development. VAT divergence still existing intra-state and inter-state. The study highlights the terror of VAT inconsistency having varied product rates resulting in industrial migration from high VAT states to low VAT states/non-VAT states.
Indian Journal of Finance, a source of sophisticated analysis of developments in the rapidly expanding world of finance, is a monthly journal with topics ranging from corporate to personal finance, insurance to financial economics and derivatives.