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Finance Minister Nirmala Sitharaman informed the Rajya Sabha on Tuesday that the average indirect tax under the Goods and Services Tax (GST) has significantly reduced since its rollout. She stated that the average tax under the previous indirect tax regime was 15.8%, while under GST, it has now come
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FAQ :
The average indirect tax under the Goods and Services Tax (GST) at its implementation was 15.8%.
The current average indirect tax under the GST has reduced to 11.3%.
No, Finance Minister Nirmala Sitharaman stated that taxes on everyday items have not increased under GST and have, in fact, reduced over time.
All GST-related decisions are taken collectively by the GST Council, which includes Finance Ministers from all states.
A Group of Ministers has been formed to review and suggest changes for simplifying the GST rate structure, similar to income tax reforms.
Yes, state governments can propose rate changes through their respective Finance Ministers, who can raise the issue in GST Council meetings for discussion and approval.
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