GST 2.0: States projected to gain Rs 14.1 lakh crore from revenues; SBI Research backs rationalisation

SBI Research projects states will be net gainers under the GST rate overhaul, with collections exceeding Rs 14.10 lakh crore this fiscal. While past rate cuts caused temporary revenue dips, collections rebounded strongly. The proposed simplified system is expected to boost long-term revenue buoyancy and economic efficiency, despite initial concerns from some states.

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