States may gain 350-450 billion in revenue post GST: Standard Chartered
GST
Dated:- 30-5-2017
New Delhi, May 30 (PTI) States can look at a higher revenue of ₹ 350-450 billion after GST implementation in mid-2017, says a Standard Chartered report.
According to Standard Chartered Bank's report titled India States' Finances: The other half of the story post GST implementation states can look at a total gain of ₹ 350-450 billion, roughly around 0.2-0.3 per cent of GDP.
The study that assessed underlying dynamics of various states' finances over a decade said if they can keep their fiscal deficits within the budgeted target, and the Central government adheres to its target of 3.2 per cent of GDP, the combi
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