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GST 2.0 impact: SBI report pegs Centre’s revenue loss at Rs 3,700 crore in FY26; consumption, higher tax mop-up ease impact

Times Of India

The central government’s revenue loss from the recent GST rate cuts is projected to be only around Rs 3,700 crore in FY26, cushioned by stronger consumption and higher tax collections, according to a report by the State Bank of India (SBI).As per news agency ANI, the report noted that while the government, based on FY24 estimates, had earlier projected a gross revenue loss of Rs 93,000 crore from…

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