Gulati Institute of Finance and Taxation is envisaged as a centre of excellence, specialising in research, training, consultancy and provision of fiscal and social policy inputs to the Government of Kerala and the South Indian states in general. GIFT was formed by upgrading Centre for Taxation Studies (CTS), an autonomous institution formed by Government of Kerala for undertaking research, training, consultancy, and publication in the area of public economics. A Centre of excellence, engaged in research, training, consultancy and provision of inputs to the policy of the State Government with a strong academic base and core competence in the areas of federal finance and taxation within a decade. Such a professional Institute will contribute to a just, transparent and state-of-the-art Fiscal Governance System that optimises mobilisation of resources for rational, equitable and sustainable use.