Govt launches pan-India drive to formalise informal economy, boost GST compliance, say sources

In a strategic move aimed at curbing tax evasion and broadening the revenue base, the Government of India has initiated a nationwide campaign to bring informal economic activities under the formal Goods and Services Tax (GST) regime. Official sources tell CNBC-TV18 that the Ministry of Finance has directed the Central Board of Indirect Taxes and Customs (CBIC) to activate its field formations acro…