As many as 40,175 factories have withdrawn from the listing of taxpayers in India within the wake of the coronavirus that struck the world early in 2020.
A complete of 816,021 industrial enterprises paid taxes within the evaluation 12 months 2019-20 (AY20), which is broadly according to the earnings they earned within the monetary 12 months 2018-19 (FY19). Almost 5 per cent of them have fallen off the taxpayer listing, which stood at 775,846 in AY22.
It’s not clear whether or not the scenario has improved as tax figures are solely out there till AY22. However a 3rd of producing sectors confirmed decrease output than greater than a decade in the past, Enterprise Commonplace reported in October.
First revealed: November 17, 2023 | 12:09 pm he
(tags for translation) Producers