Ninety per cent of India’s Goods and Services Tax (GST) collections are paid by the top 22% businesses having a turnover above ₹50 crore, Finance Minister Nirmala Sitharaman said on March 21, 2023, dismissing an Oxfam report’s conclusions that the richest 10% contribute a fraction of the GST kitty, while the poorest 50% contribute two-thirds of the revenues.
Source: thehindu.com
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