An Approach Paper on Expanding the scope and coverage for the Index of Services Production

An Approach Paper on Expanding the scope and coverage for the Index of Services Production https://www.taxtmi.com/news?id=75050 The Index of Services Production is proposed to expand beyond its initial formal-sector coverage, which relies on high-frequency administrative data and GST outward-supplies data. Education, Human Health and Residential Care, and Public Administration and Defence are proposed for inclusion. Their incorporation would increase coverage of services-sector Gross Value Added and support aggregation of sub-sectoral indices into a unified measure of short-term services-sector movements. Stakeholder views are invited on the proposed methodology. en-us Wed, 07 Oct 2026 09:17:03 +0530 Wed, 07 Oct 2026 09:17:02 +0530 TaxTMI RSS Generator An Approach Paper on Expanding the scope and coverage for the Index of Services Production https://www.taxtmi.com/news?id=75050 The Index of Services Production is proposed to expand beyond its initial formal-sector coverage, which relies on high-frequency administrative data and GST outward-supplies data. Education, Human Health and Residential Care, and Public Administration and Defence are proposed for inclusion. Their incorporation would increase coverage of services-sector Gross Value Added and support aggregation of sub-sectoral indices into a unified measure of short-term services-sector movements. Stakeholder views are invited on the proposed methodology. News - Wed, 07 Oct 2026 09:17:03 +0530 https://www.taxtmi.com/news?id=75050