Implementation of GST has helped poor: Sitharaman
Finance Minister Nirmala Sitharaman Monday said as the heightened economic activity has pushed the Goods and Services tax Collections to a new high of above Rs. 2 lakh crore in March, and implementation of GST has helped poor as it lowered taxes on large items and exempted many essential goods and services from tax, compared to the pre-GST era.
In a post on social media portal X, she said that GST exemplifies cooperative federalism in India, empowering states with significant improvement in their tax buoyancy which reached to 1.15 from 0.72 in pre-GST era. "GST collections crossed a landmark of Rs. 2 lakh crore - thanks to heightened economic activity," Sitharaman said.
