Income Tax 26 July 2026
GST Impact on States
The SBI report suggests that states will remain net gainers despite the withdrawal of GST compensation cess, with GST collections expected to increase in the new tax regime, the report highlights the potential benefits for states in the long run, while also discussing the possible short-term challenges they may face
The SBI report has found that states are likely to remain net gainers under the new tax regime. Key points from the report include:
- GST collections are expected to increase in the new tax regime
- States may face short-term challenges due to the withdrawal of GST compensation cess
- The report highlights the potential benefits for states in the long run, including increased revenue and improved economic growth.
The new tax regime is expected to have a significant impact on the economy, with both positive and negative effects on different sectors
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