Kerala to see Rs 8,000-10,000 cr annual revenue loss due to GST rate rationalisation: FM Balagopal
GST
Dated:- 4-9-2025
PTI
New Delhi, Sep 4 (PTI) Kerala is expected to see an annual revenue loss of Rs 8,000 crore to Rs 10,000 crore due to Goods and Services Tax (GST) rate cuts, state Finance Minister K N Balagopal said on Thursday.
While making it clear that the state supports the GST rate cuts that will reduce prices, the minister said the central government should ensure that the rate cut benefits are passed on to the common people.
On Wednesday, the GST Council approved a two-rate structure 5 and 18 per cent from the current four slabs 5, 12, 18 and 28 per cent.
At a media briefing in the national capital, Balagopal
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =