evidence: 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. [...] Moreover, digital systems such as the Goods and Services Tax Network (GSTN) and e-Way Bill system have enabled the formalization of business transactions, even though not implemented with cent percent perfection and existence of portal bugs and technical glitches that still haunt the taxpayers and professionals alike, the increase in number of GST taxpayers, from 70 lakh in 2017 to more than 1.4 crore in 2022, indicates the expansion in formal businesses. [...] Formalization of transactions in business and increase in formal businesses were altogether seen as positive steps towards greater tax-responsibility of the country and towards lesser tax-evasion.