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Increase in GST Taxpayers from 70 Lakhs in 2017 to 1.4 Cr in 2022: Economic Survey 2023 observes increase in formal businesses

The Economic Survey 2023, tabled before the parliament by the Financial Minister Nirmala Sitaraman reviews the performance of the Indian economy and lays the road ahead for the next fiscal year. In the survey, it was observed that the Goods and Services Tax (GST) taxpayers have increased in number from 70 Lakhs in 2017 to 1.4 Crores in 2022.

Source Taxscan

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