How India’s GST revenues can sustain their incline

Globally, one of the widely tracked economic metrics is the tax-to-GDP ratio. Taxes comprise direct and indirect taxes. In India, the Centre’s gross tax revenue-to-GDP has increased and the share of indirect taxes in tax collections has decreased over the last decade. Indirect taxes contribute more than 40% to the Centre’s tax kitty and the goods and services tax (GST) has a dominant s…