NEW DELHI: The implementation of GST and increased surveillance post demonetisation will help increase the tax-GDP ratio to 11.9 per cent by 2019-20, government said today.
The gross tax-GDP ratio in 2017-18 is estimated to be around 11.3 per cent.
In the Medium Term Expenditure Framework Statement, tabled in the Lok Sabha, the finance ministry has projected that in the medium term tax revenues will show the growth anticipated during the presentation of the Budget.
"In other words, it is felt that any shocks to tax collections due