Budget 2020: Average household saves monthly 4% on account of reduced GST

Finance minister Nirmala Sitharaman has termed the GST as a historic structural reform saying it integrated country economically.

Finance minister Nirmala Sitharaman listed out the benefits of the GST regime stating that the indirect tax reform has brought down the time taken by trucks to transport goods.

Effective tax incidence has come down substantially. Annual benefit of Rs one lakh crore on account of GST. Average household saves monthly 4% on account of reduced GST.


Simplified new returns system from April 1