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BS Number Wise: Tax mop up shines through fragile recovery

Direct-tax-to-GDP ratio in the first quarter of 2021-22 increased to 5.14 per cent, compared with 3.29 per cent over the last two years

Topics
BS Number Wise | Indian Economy | Direct Tax

Dilasha Seth  |  New Delhi 



Tax collections, taxes

A government’s tax collections depend on the state of the economy: that’s the pattern. When the coronavirus pandemic hit last year, India's economy shrank 7.3 per cent to pull down corporation and income-tax collections. Muted (GST) collections in the first half of the year forced the government to borrow and compensate states for their revenue shortfall.

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First Published: Tue, August 03 2021. 09:59 IST

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