GST’s principal largely is on the basis of tax & consumption: FM Sitharaman

Finance Minister Nirmala Sitharaman says, “The GST’s principal largely is on the basis of tax & consumption not just tax on the basis of where it is produced. As a result, unlike the central sales tax, which is the origin base tax, GST is a destination-based tax…the northeastern states have benefited from the GST. As a result, the northeast consuming states have shown remarkable improvement in the GST collection & also the quantum that goes back to the states in the name of distribution that happens.”

Source from: https://timesofindia.indiatimes.com/videos/news/gsts-principal-largely-is-on-the-basis-of-tax-consumption-fm-sitharaman/videoshow/102012928.cms

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