Centre gets post-GST tax buoyancy boost but states yet to improve: NIPFP

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. “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 GD…