Tax Reforms in India: Post-1991 Policies, Chelaya & Kelkar Committees, and Administrative Changes

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Explore the transformative journey of tax reforms in India post-1991 in this insightful video. Ideal for UPSC aspirants, policy enthusiasts, and students, this session delves deep into the landmark Chelaya Committee, Kelkar Committee, and the Tax Administrative Reforms Commission (TARC) to explain how India’s taxation landscape has evolved.

Key Highlights:
Chelaya Committee (1991):

Recommendations to reduce tax rates on direct and indirect taxes.
Introduction of service tax in 1994.
Conversion of MODVAT into a full-fledged VAT, paving the way for GST.
Proposals to simplify the tax structure by reducing slabs.
Suggestions to tax agricultural income of non-agriculturists.
Kelkar Committee (2002):

Recommendations for direct and indirect taxes.
Suggested reduction in corporate tax rates and extension of service tax.
Advocated for GST and the abolition of capital gains tax on long-term listed securities.
Tax Administrative Reforms Commission (TARC, 2014):

Merging CBDT and CBEC into a unified board.
Proposals to avoid retrospective taxation.
Recommendation to allocate 10% of tax administration budget for taxpayer services.
Advocacy for ICT-based taxpayer services and trade facilitation.
Ad Valorem vs. Specific Taxes:

Detailed explanation and the shift from specific to ad valorem taxation for better revenue collection.
This video offers a concise overview of the policy measures and reforms that have shaped India’s tax system into its present form, including the introduction of GST and the digitization of tax administration.

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