GST REFORMS T0 INJECT RS 2 LAKH CR INTO ECONOMY: NIRMALA SITHARAMAN

GST revenue rose from Rs 7.19 lakh crore (2018) to Rs 22.08 lakh crore (2025); taxpayers doubled

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‘nion Finance Minister Nirmala Sitharaman on Wednesday said the next generation GST reforms will infuse Rs 2 lakh crore into the economy, leaving people with more cash in hand that otherwise would have gone as taxes.

Addressing the Outreach and Interaction Program on Next Gen GST Reforms, she also said, following the tax reforms, 99 per cent of goods under the 12 per cent GST slab have moved to five per cent. The rejig has resulted in 90 per cent items under 28 per cent tax slab slipping into the 18 per cent bracket.