Up to 75 pc of GST revenue comes from 18 pc slab: MoS Finance
NEW DELHI: About 70-75 per cent of GST revenues collected in 2023-24 fiscal year came from the 18 per cent slab, while just 5-6 per cent came from the 12 per cent bracket, Parliament was informed on Monday.
Only 6-8 per cent of the FY24 goods and services tax (GST) revenues were from the 5 per cent slab, while the highest tax slab of 28 per cent contributed 13-15 per cent to the revenues in the last fiscal year.
Minister of State for Finance Pankaj Chuadhary shared the details of the proportion of GST collected (excluding compensation cess and other payments) under various tax slabs in 2023-24 in the Lok Sabha.
