Q.3 Examine the factors responsible for India’s low tax-to-gdp ratio. What are the measures implemented to increase it? Suggest the way forward. (10 Marks)

Mentor’s comment-
  • https://www.livemint.com/opinion/online-views/a-structural-constraint-that-budgets-must-ease-11643648198894.html
  • In the intro, mention the low tax to GDP ratio of about 10 per cent in India.
  • In the body mention recent measures such as GST, changes in assessment methods, training of the officers, use of technology etc.  In the reasons mention lack of formalisation, narrow tax base, weakness in tax administration. In the way forward mentioning refining tax structure, use of technology, improving tax administration, property tax etc.
  • Conclude by mentioning the need for tax reform to increase the tax revenue.
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Siddharth Singh
Siddharth Singh
7 months ago

Order ID: IqNPqsKSFI4p44

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Likhitha Patil
Likhitha Patil
7 months ago

0000513717
Kindly review my ans

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