New Delhi, April 27 (IANS) The government on Monday proposed to use aggregated GST data to monitor services sector and boost ability to assess overall economic performance.Unlike the Index of Industrial Production (IIP), there is currently no Index of Service Production (ISP) to capture short‑term movements in the services sector.Ministry of Statistics & Programme Implementation does not require or seek access to individual unit‑level returns for this data compilation.A Technical Advisor…
Latest GST data News & Updates
New Delhi, Feb 24 (IANS) A sub-committee set up by the Ministry of Statistics and Programme Implementation (MoSPI) has recommended enhanced use of GST data in the new series for GDP estimates with 2022-23 as the base year. The report of the sub-committee on the incorporation of new data sources, rates, and ratios, released on Tuesday, forms part of the process launched by MoSPI to revise the base year of the National Accounts to FY 2022–23.The new series (Base: 2022–23) is scheduled to be re…