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GST 2.0: Govt sees revenue loss of ₹60,000 cr annually
Financial Express Lucknow
|August 20, 2025
THE CENTRE'S PROPOSAL to have a principally two-tier Goods and Services Tax (GST) structure along with other reforms of the tax may cost ₹60,000 crore on an annualised basis to the Centre and states combined, official sources told FE.
This estimate of annualised revenue loss is just 2.7% of annual gross GST receipts of ₹22.08 lakh crore in FY25.
The estimate is based on the new rates, the products to be brought under each slab, the current revenues from each, as well as the special rate of 40% and the principle that sin goods and services won't get any tax relief as part of the revamp.
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