By Sectionscentre, States Stare At Fiscal Tensions From India’s Big Tax Cut Proposalby Shruti Srivastav
Modi’s government plans GST tax cuts. This move may cause revenue loss for states. States and the center will negotiate revenue sharing. Some states worry about financial impact. The GST Council will discuss the proposal. The government aims for consensus before implementation. The changes may influence upcoming elections in Bihar. The government expects stronger consumption to offset losses.