
The country’s Goods and Services Tax (GST) collection is creating new records due to the huge demand in the market after Covid-19 and the increase in the prices of goods. Till February i.e. in 11 months, the gross GST collection was Rs 16.50 lakh crore. 13.85 lakh crore rupees this year. GST is estimating the collection. Even after this, this will be the fifth consecutive year, when the contribution of indirect tax to the country’s GDP will be less than income tax. Because this year the government has spent Rs 16.50 lakh crore. Estimated income tax collection. Till March 10, 13.73 lakh crores have come. In this way, the contribution of income tax to GDP can be 6.02%. In comparison, the contribution of indirect taxes to GDP will be limited to 5.07%. Its contribution to GDP before GST i.e. in 2016-17 was 5.65%, while income tax was 5.57%. The contribution of income tax to GDP has increased to 6.10% in 2021-22.












