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HomeGST NEWSLevies reduced significantly under GST regime, says Sitharaman

Levies reduced significantly under GST regime, says Sitharaman

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The FM had taken to twitter by listing benefits of GST that was piloted by the former FM late Arun Jaitely as a mark of tribute on his first death anniversary. She has said that “It is now widely acknowledged that GST is both consumer- and taxpayer-friendly. While the high tax rates of the pre-GST era acted as a disincentive to paying tax, the lower rates under GST helped to increase tax compliance.”It was stated that due to pandemic there has been a collapse in GST Collections which is just two-thirds of the average during the last fiscal year.

https://timesofindia.indiatimes.com/business/india-business/levies-reduced-significantly-under-gst-regime-says-sitharaman/articleshow/77737922.cms

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