{"id":35171,"date":"2024-03-20T12:29:19","date_gmt":"2024-03-20T12:29:19","guid":{"rendered":"https:\/\/edukemy.com\/blog\/?p=35171"},"modified":"2024-03-20T12:29:20","modified_gmt":"2024-03-20T12:29:20","slug":"broadening-tax-base-in-india-upsc-economy-notes","status":"publish","type":"post","link":"https:\/\/edukemy.com\/blog\/broadening-tax-base-in-india-upsc-economy-notes\/","title":{"rendered":"Broadening Tax Base in India – UPSC Economy Notes"},"content":{"rendered":"\n
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In India, the concept of broadening tax base has emerged as a critical strategy for bolstering fiscal sustainability and promoting economic development. As one of the world’s largest and fastest-growing economies, India faces the challenge of ensuring adequate revenue generation to fund essential public services and infrastructure projects. Broadening the tax base entails expanding the pool of taxpayers by bringing previously untaxed or under-taxed sectors into the formal tax net, thus reducing dependency on a narrow tax base dominated by a few individuals or entities. This approach not only enhances revenue collection but also promotes fairness and equity in the distribution of the tax burden. However, implementing measures to broaden the tax base requires careful planning, policy reforms, and effective enforcement mechanisms to minimize evasion and ensure compliance while fostering a conducive environment for economic growth.<\/p>\n\n\n\n

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