With the introduction of GST, there is no separate sales tax data available to the CSO to compute GDP growth in the trade sector. Graphic: MintThe September quarter GDP growth data, which will be released on Thursday, is expected to show an acceleration in economic growth from 5.7% in the June quarter, the slowest in three years, but the data may be clouded by the goods and services tax (GST) rollout. With the introduction of GST, there is no separate sales tax data available to the Central Statistics Office (CSO) to compute growth in this segment. “Since 85% of trade activity happens in the unorganized sector, sales tax growth is used as a proxy. However, CSO now cannot use GST data for the same.

Source: Mint November 28, 2017 23:15 UTC