GST 2.0 impact: SBI report pegs Centre’s revenue loss at Rs 3,700 crore in FY26; consumption, higher tax mop-up ease impact

SBI projects India’s GST revenue loss from recent rate cuts at Rs 3,700 crore in FY26, significantly lower than earlier estimates due to robust consumption and improved tax compliance. Experts anticipate that these reforms, part of GST 2.