GST rates rationalisation may not pose fiscal burden on govt: Crisil
GST
Dated:- 19-9-2025
PTI
Kolkata, Sep 19 (PTI) The recent rationalisation of GST rates is unlikely to pose a fiscal burden on the government, ratings firm Crisil said.
In its latest report, the ratings firm said the government has estimated a net loss of an annualised Rs 48,000 crore in the short term on account of GST rationalisation.
The total GST collections in the previous fiscal were Rs 10.6 lakh crore.
Hence, the loss does not seem significant, the report said.
The Goods and Services Tax (GST) Council recently decided to rationalise the tax rates and have a two-rate structure of 5 per cent and 18 per cent. The revision, to be effective from September
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