India’s tax system stands at a moral and constitutional crossroads. Conceived as an instrument for advancing substantive equality and social transformation, taxation has increasingly become a tool of structural exclusion, entrenching inequality, shielding elite wealth, and marginalising the vulnerable. This article undertakes a critical examination of India’s fiscal architecture through the prism of constitutional values, democratic accountability, and redistributive justice.

The Goods and Services Tax (hereinafter GST) was introduced by the 122nd Constitutional Amendment Bill, 2014, to provide an integrated indirect tax structure for the country. India was subjected to an elaborate system of indirect taxes by virtue of multiple State and Central levies, which were regarded as hidden costs in the process of trade and industry. So the amendment seeks to simplify the system by providing for a comprehensive, destination-based tax system...

With the growing trends of Multinational Companies employing Debt financing instead of equity financing, not only the capital structure of the Companies were distorted, but also the problem of profit shifting and base erosion occurred. Even though the origin of the implementation of thin capitalisation rules in India can be traced back to OECD guidelines, there were a handful of nations that had implemented the rule even before the OECD had acknowledged the problem. What has