GST has helped crimson meat up tax buoyancy, says Finance Minister
Business new tamfitronics Recent Delhi: Finance minister Nirmala Sitharaman on Monday said GST has helped crimson meat up the tax buoyancy from 0.72 (pre-GST) to 1.22 (2018-23), with the states ‘ buoyancy estimated at 1.15, despite compensation ending two years ago. Tax buoyancy measures the swap in tax revenue to swap in nominal GDP.“With out […]