Finance Minister Nirmala Sitharaman stated that GST has decreased tax incidence on the common man, reduced compliance burden, and increased revenues for Central and state governments.

Finance Minister Nirmala Sitharaman said GST has decreased tax incidence on the common man, reduced compliance burden and logistics costs for trade and industry, and increased revenues for Central and state governments. GST will be expanded to remaining sectors, with a focus on simplifying and rationalising the tax structure. India's gross GST collection reached Rs 1.74 lakh crore in June, a 7.7% increase from the same month last year.

July 23, 2024
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