GST reforms may incur revenue loss of Rs 2,000 cr annually to J'khand: Minister
GST
Dated:- 3-9-2025
PTI
Ranchi, Sep 3 (PTI) Jharkhand Finance Minister Radhakrishna Kishore on Wednesday said that the proposed GST reforms could incur an annual revenue loss of Rs 2,000 crore to the state.
Taking part in the 56th GST Council meeting in New Delhi, he urged the central government to compensate for the estimated loss.
“The proposed GST reforms are estimated to cause a revenue loss of approximately Rs 2,000 crore in Jharkhand's automobile, cement, and other manufacturing sectors,” Kishore said, according to a press statement.
He said that Jharkhand is a manufacturing state. The Goods and Services Tax (GST) system has adversely affec
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