07-September-2025
Economy News
 
GST reforms will cause Rs 3,700 crore revenue loss to govt: SBI report
05-Sep-2025

The State Bank of India (SBI) in its latest research report said that reforms in GST through reduction in rates will cause a minimal revenue loss of Rs 3,700 crore. The government estimates the net fiscal impact of GST rates rationalisation will be Rs 48,000 crore on an annualised basis.

News Source:- https://economictimes.indiatimes.com/news/economy/finance/gst-reforms-will-cause-rs-3700-crore-revenue-loss-to-govt-sbi-report/articleshow/123713634.cms