"Without GST, states’ revenues from subsumed taxes from 2018-19 to 2023-24 would have been Rs 37.5 trillion. With GST, states' actual revenue amounted to Rs 46.56 trillion,” the finance minister wrote on X.
New Delhi: Finance Minister Nirmala Sitharaman said on Monday that two significant milestones have now been achieved in the larger GST architecture with
Sitharaman s efficient tax administration highlighted in maintaining stable revenues with a pro-poor approach in GST implementation. Despite lower tax rates, revenues reached pre-GST levels, benefiting states. The turnover threshold rose, tax submissions reduced, and tax buoyancy improved post-GST implementation.
Finance Minister Nirmala Sitharaman said on Monday that two significant milestones have now been achieved in the larger GST architecture with the appointment of the President of the GST Appellate Tribunal (GSTAT) and gross GST collections .
GST Has Benefited The Poor, Empowered The States: FM Sitharaman menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.