Financial - Local Writer

Financial

August 24, 2020

GST reduced tax rates, doubled taxpayer base to 1.24 crore: Finance Ministry

GST reduced tax rates, doubled taxpayer base to 1.24 crore: Finance Ministry. In a series of tweets, the ministry said before goods and services tax (GST), the combination of value-added tax (VAT), excise, sales tax, and their cascading effect resulted in a high standard rate of tax up to 31 percent.