Q1 GST Revenue Growth Higher Than Nominal GDP

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00:00 In the last quarter, in the first quarter of this year, the GDP has grown nominally by 8%

00:06 and real growth is 6-7.8%. Nominally it has grown by 8%. I would like to inform all of you that the

00:14 tax revenues, the GDP, the GST revenues during this period in the first quarter, they grew by

00:21 more than 11%. So this translates into a tax to GDP ratio of more than 1.3. The taxes have grown

00:29 by more than the nominal GDP, which means that, and this is despite no increase in the tax rates.

00:38 So what is this because of? This is basically because of better compliance and an improved

00:43 tax collection efficiency, which means that our officers, our dealers, our GST and registered

00:51 entities, industries, they are all more compliant and tax evasion avoidance is low.

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