Consumers paying “far less” tax than pre-GST regime: Finance Minister Nirmala Sitharaman

The tax rates of essential goods and services have comedown since the inception of Goods and Services Tax (GST) in 2016, and consumers are paying “far less” taxes compared to what they used to pay pre-2016, Finance Minister Nirmala Sitharaman said on Tuesday.

“Consumers know today that post-GST, the rates that they pay in tax does not have double taxation or overlaps…and therefore they are paying far less tax today for essential goods and services than what it was in the pre-GST era…

GST has very efficiently brought the rates down…and that’s why the collections are going up,” she said at the inauguration ceremony of 12 GST Seva Kendras held at Vapi in Gujarat.