Economists Warn GST Cuts Could Widen Revenue Loss to ₹2 Lakh Crore
Economists argue real revenue hit could reach double the Finance Ministry’s figure. Bhubaneswar : The Union Finance Ministry has projected that the recent restructuring of Goods and Services Tax (GST) rates will lead to revenue losses of around ₹48,000 crore. However, several economists and research firms have challenged this estimate, suggesting the shortfall could range…