The proposed GST tax cuts will have limited impact on government revenue.
The revenue during September declined by 2.67 per cent in comparison to the revenue collected in the same month a year ago, the release said. (Photo: File)
Panaji: India’s goods and services tax panel is likely to recommend tax cuts on 20-25 products on Friday but will avoid lowering rates for items that will significantly dent revenue collections, two government sources said.
The panel, comprising state finance ministers and the federal finance minister as the chair, will shortly meet to decide on reducing tax rates to boost growth that has fallen to a six-year low.
The proposed GST tax cuts will have limited impact on government revenue, the sources said.
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