GST 2.0: Which states will take the biggest hit if taxes drop?

The GST Council will meet soon to discuss the next generation of reforms, aimed at simplifying tax rates, reducing slabs, and making life easier for consumers and businesses. Lower taxes could mean cheaper goods, more spending, and a much-needed boost to the economy. But on the flip side, states that rely heavily on GST could face serious revenue shortfalls. SBI and Ambit Capital estimate that the…