https://www.taxtmi.com/news?id=20711 Demonetisation compelled cash into banks, enabling identification of holders and increasing taxable disclosures; combined with technology-driven tax administration, financial inclusion measures and GST, this formalisation expanded the tax base, raised direct and indirect tax collections, and accelerated adoption of digital payment systems, thereby increasing recorded economic activity and enabling greater public expenditure on infrastructure and social programmes. en-us Thu, 08 Nov 2018 16:36:52 +0530 Thu, 08 Nov 2018 16:36:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20711 Demonetisation compelled cash into banks, enabling identification of holders and increasing taxable disclosures; combined with technology-driven tax administration, financial inclusion measures and GST, this formalisation expanded the tax base, raised direct and indirect tax collections, and accelerated adoption of digital payment systems, thereby increasing recorded economic activity and enabling greater public expenditure on infrastructure and social programmes. News - Thu, 08 Nov 2018 16:36:52 +0530 https://www.taxtmi.com/news?id=20711