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GST, the biggest taxation reform, led to increase in tax base, higher collections and ease of trade Rates continuously reduced providing relief of about ₹ 80,000 crore annually to consumers Most items of daily use of poor and middle class now in the 0% or 5% tax slab Average GST collection in the current financial year stands at ₹ 97,100 crore per month as compared to ₹ 89,700 crore per month in the first year GST council to appoint a group of ministers to examine and make recommendations to reduce GST burden on home buyers

Budget - Dated:- 1-2-2019 - Ministry of Finance Posted On: 01 FEB 2019 1:26PM by PIB Delhi The Goods and Services Tax (GST) reforms has resulted in increased tax base, higher collections and ease of trade. While presenting the Interim Budget 2019-20 .....

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market. GST has resulted in increased tax base, higher collections and ease of doing business. This will reduce the interface between the tax payers and the Government for day-to-day operations and assessments. The Minister said that now returns are .....

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es collectively mostly lower than pre-GST rates. Since then, GST has been continuously reduced providing relief of about ₹ 80,000 crore annually to consumers. Most items of daily use of the poor and middle class are now in the 0% or 5% tax slab .....

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een doubled from ₹ 20 lakh to ₹ 40 lakh. Further, small businesses having turnover up to ₹ 1.5 crore have been given an attractive composition scheme wherein they pay only 1% flat rate and have to file one annual return only. Simila .....

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e average monthly tax collection in the current year is ₹ 97,100 crore per month as compared to ₹ 89,700 crore per month in the first year. The State revenues are improving with guaranteed 14% annual revenue increase for the first five ye .....

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