Tax Buoyancy and Fiscal Discipline: Why Indirect Tax Buoyancy Remains Weak Under GST
Tax Buoyancy and Fiscal Discipline: Why Indirect Tax Buoyancy Remains Weak Under GST Tax buoyancy plays a critical role in maintaining fiscal discipline by ensuring that government revenues grow in tandem with economic expansion. In India, while direct taxes have shown strong responsiveness to GDP growth, the persistently low indirect tax buoyancy—despite the maturation of […]
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