India's Tax Shift: Direct Taxes Lead, GST Drives Revenue - Whalesbook

Overview India's tax revenue has surged dramatically, with direct taxes now comprising nearly 58.5% of total collections, surpassing indirect taxes. This shift, driven by an expanding tax filer base and policy adjustments, indicates a more progressive tax system. Concurrently, Goods and Services Tax (GST) continues its strong growth, solidifying its position as the primary indirect tax source due…