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Interim Budget 2019: Personal taxes buoyant for NDA, indirect taxes a worry

Under the broad rubric of gross tax revenue, direct tax collections have been pegged to rise from Rs 6.94 trillion (5.6 per cent of GDP) in FY15 to Rs 11.5 trillion (6.1 per cent of GDP) in FY19

Interim Budget 2019  |  Budget 2019  |  Gdp

Ishan Bakshi  |  New Delhi 

Personal tax collections buoyant in NDA term but indirect taxes a concern

Over the past five years, the central government’s gross tax revenues have grown at a much higher pace than nominal (gross domestic product) growth. But while personal income tax collections have almost doubled during this period, indirect tax collections have suffered of late, with compliance falling as the country shifted to the goods and services tax (GST) regime. On the other hand, non-tax revenue growth has barely kept up pace with nominal growth.



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First Published: Sun, January 27 2019. 23:08 IST