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.