GST reforms will cause Rs 3,700 crore revenue loss to govt: SBI report
- Posted on September 5, 2025
- By Business News Today
- 3 Views
GST reforms will cause Rs 3,700 crore revenue loss to govt: SBI report
SBI's research indicates that GST reforms, including rate reductions, will result in a minimal revenue loss of Rs 3,700 crore, contrasting with the government's estimate of Rs 48,000 crore. The GST Council's move to a two-tier structure is expected to positively impact the banking sector through cost efficiencies.
