GST Collection Up, Economy Down; Why? What Data Say | EPISODE 64
- 2 years ago
"The Goods and Services Tax (GST) in India have been consistently rising since thee beginning of this year.
Both our Finance Minister Ms. Nirmala Sitharaman and Prime Minister Modi are seemingly happy about
this fact.No doubt the compliance has increased due to stricter vigil by the government agencies.
However, no amount of increase can be attributed to this government action alone. The economy os
going down and yet the GST keeps increasing. Isn’t it intriguing?
In this episode I will tell you the main reason for increase in GST collections, which has nothing to with
growth or compliance.I will also show that BJP governed states remain at the bottom of the list when it comes to GST
collections. Don’t be influenced by the total GST collected in the states. There is much more data that
presents an interesting facet to the story.As a word of caution, keep looking at financial indicators of the Indian economy to understand where we
are heading. The politicians never present the full picture, and when they do, it will be too late to take
any preventive measures.
Watch the full episode.
For more information visit our website:
https://theinfodiggers.com
Also, find us on Facebook:
https://www.facebook.com/WhatDoesThisDataSay
And On Twitter:
https://twitter.com/theinfodiggers
#GSTCollections #IndianEconomy #TroubleforModi #BJP #FinanceMinister #NirmalaSitharaman #HWNews
Both our Finance Minister Ms. Nirmala Sitharaman and Prime Minister Modi are seemingly happy about
this fact.No doubt the compliance has increased due to stricter vigil by the government agencies.
However, no amount of increase can be attributed to this government action alone. The economy os
going down and yet the GST keeps increasing. Isn’t it intriguing?
In this episode I will tell you the main reason for increase in GST collections, which has nothing to with
growth or compliance.I will also show that BJP governed states remain at the bottom of the list when it comes to GST
collections. Don’t be influenced by the total GST collected in the states. There is much more data that
presents an interesting facet to the story.As a word of caution, keep looking at financial indicators of the Indian economy to understand where we
are heading. The politicians never present the full picture, and when they do, it will be too late to take
any preventive measures.
Watch the full episode.
For more information visit our website:
https://theinfodiggers.com
Also, find us on Facebook:
https://www.facebook.com/WhatDoesThisDataSay
And On Twitter:
https://twitter.com/theinfodiggers
#GSTCollections #IndianEconomy #TroubleforModi #BJP #FinanceMinister #NirmalaSitharaman #HWNews