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flag India's average Goods and Services Tax rate dropped from 15.8% to 11.3%, Finance Minister says.

flag Finance Minister Nirmala Sitharaman informed the Rajya Sabha that the average tax rate under India's Goods and Services Tax (GST) has dropped from 15.8% to 11.3% since its implementation. flag She stressed no tax increases have occurred, only reductions, and that the GST Council, which includes state finance ministers, decides on tax rates. flag Efforts are underway to further simplify the GST rate structure.

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