How much profit and loss will the states incur due to the change in GST? understand the complete mathematics

came 8 years ago Goods end service tax i.e. GST In ‘Very Big‘ Change is about to happen. Prime Minister Narendra Modi announced this in a speech given from the Red Fort on August 15. He had said that on this Diwali people should ‘huge gift‘ to be met Is।

In the speech given on Independence Day PM Modi had said, ‘Yours in Diwali double I am going to do Diwali work. You are going to get a big gift this Diwali. For the last 8 years we GST very big in Reform Did. Reduced the tax burden in the entire country. After 8 years, time demands that we once again review Do it. We constituted a high power committee and review Did it, consulted with the states also. We Next generation GST Reform Are bringing.‘

on sunday PM Modi told that GST The draft of the changes that are going to happen has been sent to all the states. He hoped that the state governments Will cooperate in this.

Prime Minister Modi told that GST With the change, everyday items will become much cheaper. From this economy Will also get great strength. The government says that GST by change in revenue There will definitely be a decrease, but this deficiency will be compensated by increasing consumption.

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what is the government going to do?

GST It was implemented on 1 July 2017. After this many taxes and duty Was abolished and reduced to one.

GST I am currently 4 slab– 5%12%18% and 40% Are. At present there is no tax on essential food items. everyday things 5% Come under the ambit of tax. There itself, standard on things 12% Tax is imposed. Electronics And services at 18% GST Seems like Whereas, luxury items on 28% Tax is levied. Apart from these, 40 on some things% GST Is imposed.

News agency PTI According to, the government GST of 4 slab Will reduce it to only 2. After this 12% And 28% of slab It will end. bIt is being said that 12% falling within the scope of Butter, fruit juice and dry fruits like 90% things 5% slab Will be inserted in. similarly And, tv, refrigerator And Washing with machine cement like 90% Things on which 28% GST Looks like they’re 18% Can be brought within the scope of.

PTI Quoting government sources, it has been said that after the change, pan-masala, tobacco, Gutkha and online gaming To 40% GST Can be brought within the scope of.

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what will happen from this?

it’s simple ifGST The rates are changed and slab If it is reduced then it will reduce the government’s revenue But it will be affected.

Now the government indirect Tax is paid, 65% of it% revenue 18% slab Comes from. Whereas, 28% slab to the government 11% revenue Get it. Whereas, 12% slab just 5 to% Of revenue Comes. Furthermore, 5% the one slab to the government 7% revenue Comes.

12% slab wali 99 percent things 5% the one slab to bring the government in revenue There will be loss. However, the government hopes that as things become cheaper, consumption will increase and this loss will be compensated within a few months.

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states To Too damage Of Fear!

GST In shift From states To Big loss to be Of chances Are। As such so Because GST In Big Part states To get Is. to understand it GST Have to understand.

In fact, GST One dual tax system Is. A tax goes to the central government, which is called Central GST i.e CGST Said go Is। Second tax states Of Near go Is, whom state GST i.e Sgst Sgst Said go Is। Its apart from, If Two states Of between Any business Would Is So That But integrated GST i.e Igst feels like Is। This Center Government collect does Is And after In states To In this Part gives Is। State governments To CGST And Igst From Part get Is।

Budget documents Of according to2024-25 In Center Government by CGST In From 3.72 million Ten million Rs. From More Of Part states To Gave Was। 2025-26 In Government CGST In From 4.14 million Ten million Rs. Of Part states To will give।

Deccan Chronicle by Mother Global of Report Of handed over From told Is That GST In shift From annual 1.2 million Ten million Rs. Of loss yes Can Is। it Total GDP Of 0.4% will be। In this From About 1 million Ten million Rs. states Of Part will be, Because states Of 45% tax revenue Sgst Sgst From now Is। Bihar, Gujarat, West Bengal, Karnataka And Uttarakhand Of tax revenue In Sgst Sgst Of Big share Is।

Report In estimate planted Went Is That states Of 2025-26 In gross loss i.e fiscal deficit GDP Of 3.2% yes Can Is। GST In shift From it And increase Can Is।

PM Modi by Said Is Diwali But ‘Very Big gift‘ will get। This way In Agreed Go Can Is That New GST rates To october From Applicable Did Go Can Is। If october From it Applicable Would Is So 2025-26 In GDP Of 0.2% loss yes Can Is।

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Will there be any loss??

12 essential things used by the common man% to 5% Of slab Will be brought in. From this GST revenue There will definitely be a decrease. However, the government is hopeful that as things become cheaper, consumption will increase and the deficit will gradually be filled.

IDFC First The bank believes that tax cuts will help the country GDP in 0.6% There may be a surge. However, along with this, the burden on the Center and the states will also increase by 20 billion dollars.

New GST october May be applicable from. Earlier in September GST A council meeting is to be held in which this change can be approved.