BS EDIT: Unlocking the potential of GST data

Wealth of GST data

Seven years of GST have created a vast data trove. Properly anonymised, this data can guide policy and benefit the public

Economic estimates

Incorporating GST data can improve India's GDP estimates, offering a more inclusive view beyond large, formal enterprises

Regular and granular data

GST data, updated monthly, is more detailed than quarterly company reports, covering a wider range of transactions

Supporting unified lending

With proper safeguards, GST data could aid the Unified Lending Interface, enhancing credit information for lenders

Informed GST reforms

Anonymised GST data on revenue per slab can inform reforms, guiding moves towards fewer slabs while ensuring revenue goals

Privacy vs utility

Privacy concerns are valid but manageable. Anonymising and utilising GST data can drive policy improvements and economic welfare