{"id":73096,"date":"2025-09-05T12:01:04","date_gmt":"2025-09-05T06:31:04","guid":{"rendered":""},"modified":"2025-09-05T12:01:04","modified_gmt":"2025-09-05T06:31:04","slug":"gst-reforms-will-cause-rs-3-700-crore-revenue-loss-to-govt-sbi-report","status":"publish","type":"post","link":"https:\/\/goodsandservicetax.in\/GST\/?p=73096","title":{"rendered":"GST reforms will cause Rs 3,700 crore revenue loss to govt: SBI report"},"content":{"rendered":"<p>GST reforms will cause Rs 3,700 crore revenue loss to govt: SBI report<BR>GST<BR>Dated:- 5-9-2025<BR>PTI<BR>Kolkata, Sep 5 (PTI) The State Bank of India (SBI) in its latest research report said that reforms in GST through reduction in rates will cause a minimal revenue loss of Rs 3,700 crore.<br \/>\nThe government estimates the net fiscal impact of GST rates rationalisation will be Rs 48,000 crore on an annualised basis.<br \/>\nAccording to the report, given the growth and consumption boost, the minimal revenue loss is estimated at Rs 3,700 crore and will have no impact on the fiscal deficit.<br \/>\nAt the 56th meeting of GST Council held few days ago, the current four-tier structure has been replaced with a two-tier one, with a standard rate of 18 per cent <\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/news?id=54714\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GST reforms will cause Rs 3,700 crore revenue loss to govt: SBI reportGSTDated:- 5-9-2025PTIKolkata, Sep 5 (PTI) The State Bank of India (SBI) in its latest research report said that reforms in GST through reduction in rates will cause a minimal revenue l<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-73096","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/73096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=73096"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/73096\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=73096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=73096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=73096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}