The tax buoyancy in the goods and services tax (GST) regime has improved for the Union government but same has not improved for states yet, a working paper by the National Institute of Public Finance and Policy (NIPFP) has said.
Advertisements
“GST-to-GDP ratio of the Union as well as state governments not yet improved during post-GST period as compared to the equivalent share of respective revenue streams in GDP during the pre-GST period,” Sacchidananda Mukherjee, a professor at the autonomous research institute under the ministry of finance, wrote in the working paper released on April 11.
Read more at : money control
Share this content: