Saturday, 1 July 2023

GST helped increase revenue buoyancy of states: FM Nirmala Sitharaman

Giving a comparison of the tax rates pre and post-GST, Sitharaman said, "GST has done justice to the consumers by bringing the rates down compared to the previous regime". Before GST was introduced, India's indirect tax system was fragmented, where every state was effectively a distinct market for the industry as well as the consumer.

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