https://www.taxtmi.com/news?id=19464 GST data shows 9.8 million unique registrants and a net increase of about 3.4 million indirect taxpayers (over 50%). Voluntary registrations-notably by small firms seeking Input Tax Credit-are substantial. The GST tax base distribution corresponds to state economic size, five states account for roughly 70% of exports, and firm-level export concentration in India is lower than comparable countries. Formal sector payroll is higher when measured by GST inclusion (about 53%), and the GST tax base excluding exports is estimated at Rs. 65-70 lakh crore, implying an incidence around 15.6% and a Revenue Neutral Rate of 15-16%. en-us Mon, 29 Jan 2018 15:18:14 +0530 Wed, 11 Feb 2026 15:57:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19464 GST data shows 9.8 million unique registrants and a net increase of about 3.4 million indirect taxpayers (over 50%). Voluntary registrations-notably by small firms seeking Input Tax Credit-are substantial. The GST tax base distribution corresponds to state economic size, five states account for roughly 70% of exports, and firm-level export concentration in India is lower than comparable countries. Formal sector payroll is higher when measured by GST inclusion (about 53%), and the GST tax base excluding exports is estimated at Rs. 65-70 lakh crore, implying an incidence around 15.6% and a Revenue Neutral Rate of 15-16%. News - Mon, 29 Jan 2018 15:18:14 +0530 https://www.taxtmi.com/news?id=19464