SBI Report Estimates ₹3,700 Crore Revenue Loss from GST Reforms, But Consumption Surge May Offset Fiscal Impact
The State Bank of India (SBI) has projected a modest ₹3,700 crore revenue loss to the central government in FY26 due to the latest Goods and Services Tax (GST) reforms, according to its recent research report. The reforms, approved by the GST Council at its 56th meeting, include a major rate rationalisation that replaces the…