Govt losing revenue due to GST: EAC chief Debroy

But Bibek Debroy said GST has led to a lot of simplification

Update: 2023-08-22 23:30 GMT

Bibek Debroy

KOLKATA: The chairman of the Economic Advisory Council to the Prime Minister (EAC-PM) said on Tuesday that the government was losing revenue due to the GST, which should be revenue neutral with a single rate.

But Bibek Debroy said GST has led to a lot of simplification.

“When it was introduced, there were some calculations that said… the average GST rate must be at least 17%. The average rate now is 11.4%,” he said.

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