Rate rationalisation in GST welcome, but States’ revenues should be protected, says Karnataka Revenue Minister Byre Gowda

Rate rationalisation in GST welcome, but States’ revenues should be protected, says Karnataka Revenue Minister Byre Gowda

Karnataka Revenue Minister expresses concerns over GST rate rationalisation impact on state revenues, seeks protection measures.

Big GST Reform 2025: Simpler Tax Slabs, Cheaper Goods, and Boost for Key Sectors Ahead of Diwali

Big GST Reform 2025: Simpler Tax Slabs, Cheaper Goods, and Boost for Key Sectors Ahead of Diwali The Prime Minister, Narendra Modi, has announced that the centre is soon likely to rationalise GST to enhance the Indian economy, the world’s fourth-largest economy, and reduce the negative effects of higher US tariffs. These suggested GST reforms […]

States fear Rs 7,000–9,000 crore annual revenue loss as GST reforms lower slab rates

The concerns are heightened by earlier trends when GST rate cuts failed to translate into meaningful price reductions for consumers but did lead to diminished collections for states, and this experience has made officials wary of the forthcoming reforms.