Modi Government’s GST Reforms: A Diwali Gift of Tax Relief for the People..!
By Vinutha U • Sep 04, 2025, 10:55 AM
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Major GST Reduction: 5% Tax Rate, No Revenue Loss Despite ₹48,000 Crore Impact, Official Statement!
Addressing concerns about a potential ₹50,000 crore revenue loss, Shrivastava explained that the rationalization will result in a ₹48,000 crore revenue impact, but it should not be termed as a revenue loss. The government expects that the tax reduction will leave more money in the hands of the common people, boosting spending and channeling funds back into the economy.
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