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India's average Goods and Services Tax rate dropped from 15.8% to 11.3%, Finance Minister says.
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.
She stressed no tax increases have occurred, only reductions, and that the GST Council, which includes state finance ministers, decides on tax rates.
Efforts are underway to further simplify the GST rate structure.
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La tasa media de impuestos sobre bienes y servicios de la India cayó del 15,8% al 11,3%, dice el ministro de Finanzas.