Direct tax-to-GDP ratio of 5.98% in FY18 best in 10 years: Govt
The Finance Ministry has said the direct tax-to-GDP ratio of 5.98% achieved during 2017-18 was the best in 10 years. It added that there was a growth of over 80% in the number of returns filed in the last four financial years. The larger purpose of demonetisation was to move India to a tax compliant society, the ministry further said.