Gross tax to GDP ratio dips to 10.9 per cent in FY19 on shortfall in indirect tax revenues: Survey

The Government had budgeted to collect Rs 11.50 lakh crore from direct taxes and Rs 7.43 lakh crore from GST in 2018-19  The gross tax to GDP ratio declined to 10.9 per cent in 2018-19 as indirect tax revenues fell short of budget estimates by about 16 per cent, due to shortfall in Goods and Services Tax (GST) mop up, the Economic Survey said. The survey, authored by Chief Economic Advisor Kr…