"Tax buoyancy is not much. We need to keep watching"
The man at the centre of the government's mega tax reform, Finance Secretary Hasmukh Adhia, shares with Dipak Mondal his experience of seeing through the one year of GST.
What kind of tax buoyancy have you seen because of GST? Experts say GST collection figures do not mean much unless the government comes out with relevant comparative figures.
That comparative figure is given in Mr. (Arun) Jaitley's blog. We have compared the nine month (2017/18) GST collection with the pre GST period. The growth rate is 12 per cent annualised. We have compared that with taxes subsumed within GST. The tax buoyancy is not much. We need to keep watching.
How has GST data helped boost direct tax collections? We hear that advance personal income tax collections
