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With reference to the data from GST as per economic survey 2017-18, consider the following statements. 1. There has been a large increase in the number of indirect taxpayers. 2. The distribution of the GST base among the states is closely linked to their Gross State Domestic Product (GSDP), allaying fears of major producing that the shift to the new system would undermine their tax collections. |
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Answer» With reference to the data from GST as per economic survey 2017-18, consider the following statements. 1. There has been a large increase in the number of indirect taxpayers. 2. The distribution of the GST base among the states is closely linked to their Gross State Domestic Product (GSDP), allaying fears of major producing that the shift to the new system would undermine their tax collections. |
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