Half of taxpayer base had the option to stay out, but chose otherwise

Over half of the 96 lakh regular taxpayers registered for the goods and services tax (GST) have an annual revenue below the Rs 20-lakh threshold where the tax kicks in, confirming the ability of the year-old regime to promote compliance. Of course, these small businesses that have got themselves registered have a negligible share in the government’s GST revenue — even those with a turnover up to `…