Economic Survey Highlights : GST reveals rich data; Tax Dept. an unsuccessful litigator

Economic Survey tabled in Parliament, reveals rich data points thanks to ushering in of GST regime; Survey highlights large increase in no. of indirect taxpayers, many who have voluntarily chosen to be part of GST; Based on average GST collections so far, weighted average collection rate estimated at about 15.6%  and hence the Survey projects that a 15-16% GST rate would preserve revenue neutrality; GST data reveals that 5 states (Maharashtra, Gujarat, Karnataka, Tamil N...