Indirect taxpayer base rises by 50% with GST implementation: Economic Survey

India’s indirect taxpayer base has increased by more than 50% with the implementation of the goods and services tax (GST), the formal sector is bigger than currently estimated and the country’s internal trade is around 60% of gross domestic product (GDP), the Economic Survey for 2017-18 said, basing its findings on data and trends from GST. The Economic Survey is the first to be presented after In…