India - Taxes on goods and services (% of revenue)

Taxes on goods and services (% of revenue) in India was 40.87 as of 2018. Its highest value over the past 44 years was 44.07 in 1974, while its lowest value was 21.68 in 2010.

Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

Year Value
1974 44.07
1975 42.67
1976 42.36
1977 40.30
1978 42.68
1979 42.61
1980 41.40
1981 39.43
1982 37.35
1983 41.64
1984 39.16
1985 37.43
1986 36.01
1987 36.02
1988 35.57
1989 34.88
1990 35.89
1991 34.48
1992 33.23
1993 31.80
1994 31.27
1995 28.36
1996 27.35
1997 27.31
1998 28.87
1999 27.96
2000 28.93
2001 30.15
2002 30.37
2003 30.20
2004 29.71
2005 30.76
2006 28.49
2007 24.90
2008 26.26
2009 23.78
2010 21.68
2011 24.98
2012 26.00
2013 27.30
2014 25.56
2015 29.83
2016 32.93
2017 37.35
2018 40.87

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Aggregation method: Median

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance