India has informed the UN that the Goods and Services Tax reform implemented by it, coupled with the demonetisation of high-value currency notes, has brought 1.8 million more people into the income-tax net.
Additional Secretary in the Ministry of External Affairs A Gitesh Sarma, addressing the ECOSOC Forum on Financing for Development Follow Up, said India is currently implementing a wave of reforms. Apart from encouraging digital over cash transactions, India introduced the Goods and Service Tax regime which provides for uniform taxes.
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Friday 27 Dec. 2024
He said this has led to a 50 per cent increase in the number of indirect taxpayers. “Coupled with demonetisation of high-value currency notes, the GST brought 1.8 million more people into the income-tax net,’ he said at the forum yesterday.
