What is the real fiscal cost of GST reforms?

NEW DELHI: When the Finance Ministry embarked on the GST rate rationalisation exercise, it emphasised that the move was aimed at easing the burden on the common man rather than focusing on potential revenue loss. Yet, analysts and economists continue to huddle over the ‘real’ fiscal cost of the move. While the Finance Ministry has projected a revenue impact of ₹48,000 crore, several economists and…