Basis for indirect tax revenue estimate for BE
Advance estimate of nominal GDP growth provided by Economic Division of DEA.
Change in tax policy, ARM, stimulus package/exemptions relief (if any), etc. during the Union Budget.
Sectoral analysis by TRU.
Feedback and projection from the field formations.
Inputs from concerned Ministries, e.g. POL sector growth as provided by PPAC, Ministry of Petroleum, industry associations and sectoral analysis available in credible publications.
Import and export sector analysis based on trends.
Estimation of refund and duty drawback outgo.
Inputs from Budget and Economic Affair Division.
Tax buoyancy factor (multiplier) usually provided by budget division after assessing the overall revenue potential and fiscal target constraints.